The city of Jinan announced that it has updated its bus route software and card readers to allow passengers to pay with the digital yuan.
Jinan, the capital of eastern China’s Shandong Province, has begun encouraging the adoption of the country'sprogram by introducing the acceptance of digital yuan payments across all its bus routes.
In its pilot phase, the city tested the introduction of CBDC payments on two bus lines namely B52 and BRT5. Following this trial period, the city has announced that it has now implemented the new payment method to its entire bus network.all its card readers and bus route software to allow passengers to pay using the county’s CBDC.
The city is also incentivizing the use of digital yuan by giving fare discounts to passengers who opt for the CBDC payment method. According to the announcement, each person could get up to two discounted rides per day and a maximum of six discounted rides in a month if they opt to pay with the digital yuan.
The move is part of a broader push to promote the adoption of the digital yuan in various places in China. On April 23, the Chinese city of Changshu announced that it with the digital yuan. The announcement noted that all levels of personnel in public service, public institutions and state-owned units would be paid in the country's CBDC from May.
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