Bank of China Tests Offline Payment Method for Digital Yuan With SIM Card-Linked App

07/12 02:05

Bank of China is conducting tests on a new offline payment method for digital yuan that is linked to SIM cards. The bank has partnered with China Telecom and China Unicom to test the feature, which will allow users to make payments with their phones by connecting the e-CNY app with "super SIM cards" equipped with near-field communication.
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