In Jinan, China, all buses accept digital yuan and CBDC customers receive discounts.
Jinan, China, says all of its bus routes now accept digital yuan payments and will encourage adoption by offering discounts to passengers who pay with the central bank digital currency (CBDC).
According to Shunwang-Jinan Daily (via e23), the city has updated the software and card readers on all its bus routes to enable payments in the Chinese CBDC.
Jinan is the capital of Shandong, a province in Eastern China, with a population of over 9.2 million.
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The city initially tested digital yuan payments on two of its busiest bus lines, B52 and BRT5.
Following the success of these trials, Jinan has decided to expand digital yuan payment options to its entire bus network.
To encourage adoption, Jinan has announced that passengers can receive discounts when paying with the CBDC on buses.
For journeys with a fee of 2 yuan (approximately $0.28) or less, passengers will need to pay less than $0.01 when using the CBDC.
For journeys with a fee exceeding 2 yuan, they will enjoy a smaller discount of less than $0.01.
Passengers can use this discount a maximum of twice per day and six times per month during a promotional period that has not been specified.
Public Transport Adoption Drive: Chinese Buses Accepting Digital Yuan Pay
Bus, train, and metro transport have recently been prioritized for adoption in China. In May, the city of Jiangmen in Guangdong Province, Southern China, announced that its entire bus network had been upgraded to accept digital yuan payments.
Last month, Qingdao announced a pilot program for network- and electricity-free digital yuan payments on its metro system.
Overground trains in the country are also adding digital yuan payment options ahead of the Asian Games in September.
Earlier this year, highway toll booths in the pilot zone started accepting digital yuan.