Hong Kong's digital RMB development accelerates, the central bank and the HKMA discuss digital wallet upgrades

On March 25, in response to a question from a member, the Secretary for Financial Services and the Treasury of Hong Kong, Hui Ching-yu, said that the central bank and the Hong Kong Monetary Authority are discussing the arrangements and feasibility of upgrading digital wallets to increase the usage limit of digital wallets and expand application scenarios. and enhance user experience. As the policies and technical details involved still need to be discussed in depth, specific plans and timetables need to be implemented. Xu Zhengyu also disclosed the latest development data of Hong Kong's digital RMB. The promotion and implementation of local digital RMB has ushered in leapfrog development. The number of wallets opened and the scale of merchant acceptance have increased significantly. The era of digital payment in Hong Kong has officially entered the fast lane. (Yicai)