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This move will see select MYbank customers use the digital yuan through their banking app. Ant Group’s AliPay app will also support digital yuan payments as part of this deal. PBoC and Mastercard are in discussions to introduce the digital yuan into the global market. Ant Group, an affiliate of leading Chinese multinational technology company Alibaba, is planning to let the users of online-only bank MYbank test China’s central bank-issued digital currency. A report unveiled this news on May 10, noting that this trial will let some of the bank’s customers link their accounts to China’s digital yuan application. This option will also be available to users of Ant Group’s AliPay application.

Ling haiPeople bankAnt groupAnt group alipayலிங் ஹாய்மக்கள் வங்கிஎறும்பு குழு