Hong Kong e-CNY pilot expands: residents can open digital-yuan wallets and top up via FPS, no mainland account required

Hongkongers can now open e-CNY wallets through four Chinese banks in the city and add value via the widely used Faster Payment System (FPS), in a citywide roll-out of a digital yuan pilot that aims to make cross-border retail payments more convenient.

The Hong Kong Monetary Authority (HKMA) said on Friday that residents can use their Hong Kong mobile phone numbers to set up e-CNY personal wallets and top up the wallets via FPS through 17 retail banks in Hong Kong – without having to open a mainland China bank account.

Source: TRADE FINANCE