China Unveils Digital Yuan Wallet

Fintech

The People’s Bank of China has showcased the latest advancement in digital payments: a new visual hard wallet for the digital yuan.

Resembling a traditional credit card, this sleek device features an integrated screen displaying QR codes, transaction histories, and real-time balance updates. It is ergonomically designed to ensure effortless use for seniors, students, and international visitors.

Originally piloted in 2021, the wallet now operates seamlessly with Huawei’s HarmonyOS, offering a streamlined, app-free experience aimed at boosting accessibility to China’s digital currency ecosystem.

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