Huawei recently at Shenzhen, China signed a mutual cooperation agreement with UnionPay International with the aim of working together to promote the globalization of Huawei Pay. 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. Alex Zhang, President of Huawei Consumer Cloud Service, and Larry Wang, Vice President of UnionPay International, attended the signing ceremony.
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 QuickPass.
As China’s first security chip-based mobile payment service, Huawei Pay has already supported by 66 banks and is compatible with 20 mobile devices including various mobile phones and smartwatches. 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 daily life. With the constant increase in the quantity of Huawei and Honor mobile phones and smartwatches 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.
At the signing ceremony, Alex Zhang, President of Huawei Consumer Cloud Service, stated that open sharing is an important direction for the future of the digital economy and intellectual interconnection, which is why Huawei end-user cloud services build an open and globalized smart mobile ecosystem for end-user experience. Huawei hopes to work with partners such as UnionPay International to provide more secure and convenient mobile payment services to every user of Huawei smart device around the world.
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.”
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. Besides Russia, Huawei and UnionPay plan on bringing Huawei Pay services to other markets in Eastern Europe and so on.
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 consumer products, consumer cloud services represented by Huawei Pay, Cloud, AppGallery, Video, and Music. Huawei 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.
