Huawei teams up with UnionPay International to roll out Huawei Pay worldwide

Huawei signed a mutual co-operation agreement with UnionPay International with the aim of working together to promote the globalisation of Huawei Pay and to accelerate its roll-out worldwide in order to provide a better mobile payment experience for Huawei mobile device users.

The agreement marks the first joint effort between Huawei and UnionPay to bring Huawei Pay to the global market since the two enterprises worked together to create Huawei Pay back in 2016.

In future, Huawei and Honor mobile phone users outside of China can make quick and easy mobile payments by adding their UnionPay bank cards to a phone that has Huawei Pay enabled and then placing their phone next to a POS machine that supports UnionPay mobile quick payment. In terms of security, Huawei Pay uses the all-device solution, which ensures user payment security. At the same time, payment token technology is applied to effectively protect the privacy and data security of cardholders.

As China’s first security chip-based mobile payment service, Huawei Pay is already supported by 66 banks and is compatible with 20 mobile devices including various mobile phones and smart watches. In 2017, 4 billion RMB worth of payments were made using Huawei Pay.

Today, more and more people are using mobile payment services such as Huawei Pay in their everyday lives. With the continued increase in the number of Huawei and Honor mobile phones and smart watches sold all over the world and the expansion of Huawei Pay to international markets, the number of annual Huawei Pay transactions is bound to increase further.

Zhang Ping’an(right), president of Huawei consumer cloud services, and Wang Lixin(left), vice president of UnionPay International, attended the signing ceremony.

At the signing ceremony, Zhang Ping’an stated, “open sharing is an important direction for the future of digital economy and intellectual interconnection, which is why Huawei end-user cloud services build an open and globalised smart mobile ecosystem for the end users.

Huawei hopes to work with partners such as UnionPay International to provide more secure and convenient mobile payment services to each and every user of Huawei smart device around the world.

Wang Lixin stated that UnionPay International has always adhered to extensive co-operation and complementary advantages with all parties in the payment industry. This form of co-operation has many implications: firstly, by achieving worldwide co-operation, card issuers can simply connect to the UnionPay mobile payment service platform to quickly launch Huawei Pay Pay-as-you-go, significantly reducing time and economic costs.

Secondly, allow UnionPay innovative products to become an important motivation for both sides and accelerate service localisation, while helping other national and regional markets to upgrade and develop their mobile payment industries. Thirdly, jointly enhance the international influence of China’s independent mobile payment apps.

Russia will be the first overseas market to receive the service. Currently, UnionPay bank cards are accepted in 85% of Russian territory, with over 400,000 POS terminals supporting UnionPay quick payment. More than 10 Russian banks have issued nearly 1.3 million UnionPay bank cards. After Russia, Huawei and UnionPay plan on bringing Huawei Pay services to other markets in Eastern Europe as well.

Relying on its “chip-device-cloud” synergies, Huawei actively distributes future smart products and creates the perfect full-scene smart life experience for consumers. Huawei’s consumer services have won the favor of users worldwide. As of 2017, the number of global registered accounts have exceeded over 340 million.

With the global sales of Huawei end-user products, end-user cloud services represented by Huawei Pay, MyCloud, AppGallery, Video, and Music have also gradually accelerated their global deployments, bringing the latest technology and services to consumers around the world, so that more and more users can experience the convenience and joy of the “smart technology” era.

Comment on this article below or via Twitter: @IoTNow_OR @jcIoTnow

FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, iot home automation is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more
RECENT ARTICLES

Silicon Labs brings AI and Machine Learning to the edge with matter-ready platform

Posted on: January 24, 2022

AUSTIN, TX. 24 January 2022 – Silicon Labs, a specialist in secure, intelligent wireless technology for a more connected world, announced the BG24 and MG24 families of 2.4 GHz wireless SoCs for Bluetooth and Multiple-protocol operations, respectively, and a new software toolkit. This new co-optimised hardware and software platform will help bring AI/ML applications and

Read more

The chaos of legacy equipment

Posted on: January 24, 2022

Legacy equipment is vital to the functioning of many manufacturing facilities. Nevertheless, with rapid advancement in automated and connected technologies, managing both new and old equipment simultaneously can be a challenging balancing act. Here Johan Jonzon, CMO and co-founder specialist in edge analytics for the industrial Internet of Things (IIoT), Crosser, shares insight into how

Read more