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Tencent commences test programme for digital yuan wallet
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finextra.comTo qualify, consumers need to to activate the wallet function of WeBank, Tencent’s digital banking arm, in the central bank's e-CNY app, which arrived in Android and Apple app stores in January.WeChat and Ant Group's Alipay currently control a combined 94% of China’s online payment market.The People's Bank of China rolled out digital yuan pilots in eleven additional cities last month after showcasing the currency internationally at the Winter Olympics.
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