Travelling to China? Here’s How to Use the Digital Renminbi to Pay

Travelling to China? Here’s how to use the digital renminbi to pay

Singapore customers of ICBC and BOC can top up their e-CNY wallets from their Singapore bank accounts. Read more at straitstimes.com.

Singapore Names DBS as Renminbi Clearing Bank, Launches e-CNY Pilot

Singapore and China have announced a new set of financial initiatives, including the appointment of DBS Bank as Singapore’s second renminbi clearing bank and the launch of an e-CNY pilot for Singapore travellers. The Monetary Authority of Singapore (MAS) said DBS’ appointment would support further growth of Singapore’s offshore renminbi market. The Industrial and Commercial Bank of China’s Singapore branch has served as the city-state’s first RM…

Singapore travellers can open, top up digital renminbi wallets under pilot scheme

The agreements come amid a greater push from China to promote cross-border RMB settlement and other financial services