Meituan will now let users pay for offline services from hotels to movie tickets with China's digital currency, known as the digital yuan or e-CNY.
Experts have questioned the incentives for people to sign up to use the digital yuan versus the two dominant mobile payments apps in China — WeChat Pay and Alipay.Meituan will allow users to pay for offline services such as hotels and movie tickets with China's digital yuan. It is the latest technology company to help the People's Bank of China push the country's digital currency.has expanded the way that China's digital yuan can be used on its platform to make purchases.
Meituan had more than 660 million transacting users who used its services in the 12 months that ended Sept. 30. It's one of China's food delivery giants but also allows consumers to access lots of different offline services such as booking hotels.