The post HSBC China Unveils e-CNY Services For Its Clients appeared first on Coinpedia Fintech News

The HSBC bank’s China branch is now offering e-CNY services for corporate clients, making it the first foreign bank in the country to provide services linked to the CBDC for retail and corporate customers. Its corporate clients can now link their bank accounts with digital yuan accounts to manage their assets. HSBC has partnered with …

The post HSBC China Unveils e-CNY Services For Its Clients appeared first on Coinpedia Fintech News

The HSBC bank’s China branch is now offering e-CNY services for corporate clients, making it the first foreign bank in the country to provide services linked to the CBDC for retail and corporate customers. Its corporate clients can now link their bank accounts with digital yuan accounts to manage their assets. HSBC has partnered with Nord Anglia Education Group, enabling e-CNY payments in six of its schools in Shanghai, Beijing, Guangzhou, Jiaxing, and Suzhou. Previously, Hong Kong had announced that residents could set up digital wallets specifically for cross-border payments to get more people in Hong Kong to use the e-CNY.