Residents who have received “red packets” of digital yuan use the money in stores in Shenzhen, Guangdong Province. Photo: Li Hao / GT
The beta version of the digital yuan app has generated widespread interest among the Chinese public since a trial app appeared in app stores. A large number of downloads of the application were recorded on different operating systems.
On Sunday, the download volume of yuan-denominated digital apps from Huawei’s app store topped 580,000, compared to “less than 10,000” since its inception, the Securities Daily reported on Monday. The app also ranked No. 2 in the ranking of free apps for Apple’s App Store in mainland China on Monday, which had already topped the list last week.
The digital yuan expands to include multiple platforms. According to data from the Meituan food delivery platform, on January 7, the daily rate of increase of digital yuan users reached 25%, an increase of 10 times a day was reported by the trading platform JD electronics since its launch. Chinese tech giant Tencent has also pledged to officially provide digital yuan services, according to the report.
The beta of the yuan digital wallet app was uploaded to Apple’s App Store and Android app stores on Tuesday, ready for wide use by domestic and international customers in the upcoming Olympics. Beijing Winter 2022.
Digital Yuan users can now open different accounts using nine service providers, including Industrial and Commercial Bank of China, Bank of China, China Merchants Bank, MyBank backed by Ant Group and WeBank backed by Tencent, according to the application.