Huawei has signed a co-operation agreement with UnionPay International to speed up the worldwide adoption of Huawei Pay fater two companies worked together to create Huawei Pay 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 enabled Huawei Pay and then placing their phone next to a POS machine that supports UnionPay mobile QuickPass.
For security, Huawei Pay uses the all-device solution, as well as payment token technology to effectively protect cardholders’ privacy and data security.
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, claims Huawei.
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.
Alex Zhang, President of Huawei Consumer Cloud Service
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.
Larry Wang, VP of UnionPay International
Firstly, with this agreement, the two sides realize cooperation on a global scale, and issuers outside mainland China can now launch Huawei Pay Pay-as-you-go once connected to the UnionPay Mobile Service Platform, which greatly saves time and costs.
