Hang Seng partners with CCB to launch digital RMB merchant payment service in Hong Kong

AASTOCKS
2025.11.07 08:27

Hang Seng (00011.HK) announced that, following the provision of digital renminbi wallet transfer services for customers last year, it has collaborated with its wholly-owned subsidiary Hang Seng China and China Construction Bank (00939.HK) to launch digital renminbi merchant payment services in Hong Kong, expanding the application of digital renminbi in retail consumption in Hong Kong.

Consumers can now use digital renminbi wallets to make purchases at over 100 local merchants in Hong Kong that use the Hang Seng payment system, covering categories such as dining, travel, electronics, and clothing. Payments can be completed by displaying the payment code through the digital renminbi APP or the China Construction Bank mobile banking app for merchants to scan, without the need to exchange for Hong Kong dollars in advance. Hang Seng, Hang Seng China, and China Construction Bank will assist merchants with cross-border settlement

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