WeChat has added the country’s central bank digital currency , to its payment services, according to reports in local media. The move aims to help broaden the appeal of the digital yuan.
WeChat now supports the fast payment function of the digital yuan wallet, making it the second payment platform to do so after Alipay.
This feature enables users to use the digital yuan for payments on certain WeChat mini-programs and other platforms. The pilot version of the digital yuan application’s Wallet Quick Payment Management page currently lists 94 merchant platforms that can be accessed, now including WeChat. WeChat Pay now allows digital yuan payments on certain apps, such as ordering food from McDonald’s and paying bills.
Users must authorize the digital yuan wallet operator to sync their WeChat-bound mobile phone number for successful activation of the WeChat payment wallet fast payment function. Once activated, payments to digital yuan-supporting merchants can be made through the WeChat app. Additional integrations are expected to become available gradually.
