Huawei teams up with UnionPay International to roll out Huawei Pay worldwide
Jan 29, 2018
[Shenzhen, China, January 27, 2018] Yesterday Huawei signed a mutual cooperation agreement with UnionPay International with the aim of working together to promote the globalization 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.
Alex Zhang (right), President of Huawei Consumer Cloud Service, and Larry Wang (left), 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. 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.
Today, more and more people are using mobile payment services such as Huawei Pay in their daily life. With the constantly increase in the quantity 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.
At the signing ceremony, Alex Zhang, President of Huawei Consumer Cloud Service, stated that 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 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 stated that 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. Firstly, with this agreement, the two sides realize cooperation on a global scale, and issuers outside mainland China is able to launch Huawei Pay Pay-as-you-go once connected to UnionPay Mobile Service Platform, which greatly saves time and economic costs. Secondly, UnionPay innovative products become an important propeller to the business localization of the two parties, and it supports payment upgrade of more countries and regions. Thirdly, the cooperation between the two giants will jointly enhance the global influence of China’s independent mobile payment apps.
Russia will be the first oversea 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.
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 consumer products, 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 and more users can experience the convenience and joy of the "smart technology" era.
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