• Should JD.com be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
Chinese consumers can now make online payments for purchases from the JD.com ecommerce app using digital yuan stored on a physical card or hard wallet via their Android NFC smartphone... More
The People’s Bank of China (PBOC) and the Industrial and Commercial Bank of China (ICBC) have unveiled prototype hardware devices that support the use of the digital yuan central bank digital currency (CBDC) across a range of different use cases... More
Tencent-backed WeBank and Ant-backed MyBank are conducting “preliminary work under the guidance of the People’s Bank of China (PBOC)” in order to integrate the digital yuan wallet into their payment and banking services, according to a China Securities report... More
The People’s Bank of China has launched the first large-scale giveaway of the country’s central bank digital currency (CBDC) to be held in Beijing and has distributed 10m digital yuan (US$1.55m) to 50,000 participants in a ‘red envelope’ lottery... More
At least eight major banks, including Hong Kong-based China CITIC Bank, have now introduced or are in the process of introducing digital wallets that support China’s central bank digital currency (CBDC), according to local media reports... More
The People’s Bank of China (PBOC) is to enable participants in the next phase of its central bank digital currency (CBDC) pilot to test for the first time the use of digital yuan for making both online purchases and touch-based in-store offline payments... More
Face-based payments offer the potential to improve customer convenience and increase checkout speeds in stores but require consumer education to be built into the user experience to alleviate security concerns, an in-depth study of services currently on offer in China has found... More
QR code smartphone tickets available for subway — China.org.cn — “Travellers in Beijing can now use a QR code on their smartphone as a ticket to ride the subway… Passengers can download an app called RuubyPay that generates a QR code ticket that can be read using a scanner built into the subway turnstiles. The QR code scanning app can be used on any smartphone running iOS or Android that is connected to the internet, according to Sina.com. Tickets can be paid for using a linked bank, Alipay, or JD Finance account.”
JD.com, electric car maker Nio partner on ecommerce delivery-to-vehicle service — Marbridge Daily — “JD.com’s self-operated logistics service JD Logistics and Nio are in the process of connecting their systems so that consumers will be able to select ‘delivery to vehicle’ when purchasing goods through JD.com. Using the vehicle’s location, an authorized delivery agent will deliver the package within a given time window to the recipient’s trunk, which will be accessed via keyless entry.”
Chinese online retailer JD plans to open hundreds of unmanned shops, ahead of Amazon — The Telegraph — “Chinese online retailer JD.com has beaten Amazon to the next stage of the shopping revolution by announcing plans to open hundreds of ‘unmanned’ convenience stores. The shops have already been trialled with JD’s 10,000 employees at headquarters in Beijing and use facial and recognition technology to register payment and product identity, meaning that customers do not have to wait in a checkout line.”