Huawei has signed a cooperation agreement with UnionPay International with the aim of working together to promote the globalization of Huawei Pay and accelerate its roll-out worldwide to provide a "better mobile payment experience" for Huawei mobile device users.
The agreement marks the first joint effort between Huawei and Union Pay to bring Huawei Pay to the global market since the two companies worked together to create Huawei Pay in 2016.
In the 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.
Fast growing sales of Huawei and Honor mobile phones and smart watches worldwide combined with the expansion of Huawei Pay to international markets is expected to significantly increase the number of Huawei Pay transactions carried out annually.
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. Huawei hopes to work with partners such as UnionPay International to provide more secure and convenient mobile payment services for every user of Huawei smart devices 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. In addition to Russia, Huawei and UnionPay plan to offer Huawei Pay services to markets in Eastern Europe.
Relying on its "chip-device-cloud" synergies, Huawei actively distributes future smart products and creates the perfect full-scene smart-life experience for consumers. As of 2017, the number of global registered Huawei Pay accounts exceeded 340 million.
With global sales of Huawei consumer products and consumer cloud services represented by Huawei Pay, Cloud, 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 users can experience the convenience of the "smart technology" era.