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Beijing subway has fully integrated China’s central bank digital currency with its payment ecosystem

Beijing subway has fully integrated China’s central bank digital currency with its payment ecosystem

The subway system in Beijing has extended its trial of China’s central bank digital currency to a full integration with its payment ecosystem.

According to the Beijing railway’s announcement on Tuesday, China’s digital yuan, also known as the e-CNY, is now fully supported as a payment or balance top-up option across 428 subway stations in 24 lines. 

It is a major upgrade to the subway system’s trial rolled out in June where the e-CNY was initially only supported for the Yitongxing mobile app. With the latest upgrade, the e-CNY is practically launched for Beijing subway’s 10 million daily riders whether they need to top up their physical transportation cards, buy a single-trip ticket online or offline, or scanning their Yitongxing mobile app.

A review video shot by a local business media outlet on Tuesday shows that the ticket vending terminals inside a subway station in Beijing now has the e-CNY payment option next to cash, WeChat Pay or AliPay for when users choose to buy a single-trip ticket or a transportation card.

Opting for the e-CNY payment method, users will need to open their e-CNY wallets to scan the payment QR codes displayed on the terminal screen. 

To top up the balance of their transportation cards, riders will need to go through a similar process by choosing the e-CNY payment option and scan the payment QR codes with their e-CNY wallets. 

In addition to automated ticket machines, all staffed service counters will also allow riders to top up their cards or buy tickets using their e-CNY wallets.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Author: Wolfie Zhao


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