Analysis: China digital currency trials show threat to Alipay, WeChat duopoly

Analysis: China digital currency trials show threat to Alipay, WeChat duopoly

Published by Reuters Shanghai – In China’s commercial hub Shanghai, six big state banks are quietly promoting digital yuan ahead of a May 5 shopping festival, carrying out a political mandate to provide consumers with a payment alternative to Alipay and WeChat Pay. The banks are persuading merchant and retail clients to download digital wallets […]

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