ICBC Singapore Pilots e-CNY Wallet Top-Ups; MAS Plans Phased Payments by 2025
On December 24, ICBC's Singapore branch piloted overseas e-CNY wallet top-ups for Singapore residents under PBOC and MAS guidance. MAS indicated a phased e-CNY payment service by 2025, aimed at easing cross-border spending in China and strengthening financial links between Singapore and China.