A Chinese yuan account for your business
Your own CNY account details, so customers and partners pay you like a local. Hold CNY alongside 29 other currencies and USDC and USDT, and convert between them.
Updated October 2026
Yes. ElementPay issues dedicated CNY accounts to verified businesses, one account per currency. You can receive, hold and convert Chinese yuans, and use the balance to fund payouts in 20 African countries.
What you can do with CNY.
Receive
Share your CNY account details on invoices. Payments arrive in your ElementPay balance.
Hold
Keep CNY on the same balance sheet as your other currencies and stablecoins.
Convert
Exchange CNY to any of 29 currencies or USDC and USDT at a quote locked before you confirm.
Pay out
Fund payouts to mobile money and banks in 20 African countries.
About CNY accounts.
Can a business outside China open a CNY account with ElementPay?
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Yes, subject to business verification. ElementPay issues CNY accounts, one per currency, to verified businesses so they can receive and pay in Chinese yuans.
What can I do with a CNY account?
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Receive CNY from customers and partners with your own account details, hold the balance, convert to any of 29 other currencies or to USDC and USDT, and pay out to mobile money and banks in 20 African countries.
How fast are conversions from CNY?
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Conversions settle at a quote shown before you confirm. Large tickets can be quoted by the OTC desk.
Can I convert CNY to USDC or USDT?
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Yes. CNY balances convert to and from USDC and USDT on the same balance sheet.