Story image

Huawei & UnionPay charge ahead on mission to globalize Huawei Pay

31 Jan 18

As a part of a mission to globalize the payment platform Huawei Pay, UnionPay International and Chinese telco giant Huawei are teaming up. 

With the partnership, Huawei is aiming 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 companies worked together to create the payment platform in 2016.

In time, the collaboration will enable Huawei and Honor mobile phone users outside of China to make mobile payments by adding UnionPay bank cards to cellphones that have Huawei Pay. A payment is made by placing the phone next to a POS machine that supports UnionPay mobile QuickPass.

For security, Huawei uses payment token technology. 

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.

At the signing ceremony, Alex Zhang, president of Huawei Consumer Cloud Service, stated, “Open sharing is an important direction for the future of the digital economy and intellectual interconnection, which is why Huawei’s end-user cloud services built an open and globalized smart mobile ecosystem for the end-user experience.”

Alex Zhang (right), president of Huawei Consumer Cloud Service, and Larry Wang (left), vice president of UnionPay International, at the signing ceremony.

Russia will be the first overseas market to implement the service. Currently, UnionPay bank cards are accepted at 85% of POS terminals and ATMs in Russia, with over 400,000 POS terminals accepting UnionPay mobile contactless payment. 

More than 10 Russian banks have issued about 1.3 million UnionPay bank cards. In addition to Russia, Huawei and UnionPay plan to offer Huawei Pay services to markets in Eastern Europe.

Larry Wang, Vice President of UnionPay International said, “UnionPay International carries out extensive cooperation with various players in the payment industry to integrate the advantages of each party. This cooperation with Huawei is of great significance.”

How McAfee aims to curb enterprise data loss
McAfee DLP aims to help safeguard intellectual property and ensure compliance by protecting sensitive data.
HPE promotes 'circular economy' for end-of-use tech
HPE is planning to show businesses worldwide that throwing old tech and assets into landfill is not the best option when it comes to end-of-use disposal.
2018 sees 1,500% increase in coinmining malware - report
This issue will only continue to grow as IoT forms the foundation of connected devices and smart city grids.
CSPs ‘not capable enough’ to meet 5G demands of end-users
A new study from Gartner produced some startling findings, including the lack of readiness of communications service providers (CSPs).
Oracle announces a new set of cloud-native managed services
"Developers should have the flexibility to build and deploy their applications anywhere they choose without the threat of cloud vendor lock-in.”
How AT&T aims to help businesses recover faster from a disaster
"Companies need to be able to recover and continue operations ASAP, without pulling resources from other places to get back up and running."
2019 threat landscape predictions - Proofpoint
Proofpoint researchers have looked ahead at the trends and events likely to shape the threat landscape in the year to come.
How your enterprise backup solution could fail
Even the best-trained employees are prone to error, and unfortunately, sometimes those errors affect enterprise backups.