Huawei is one of the leading Chinese smartphone manufacturers that can go head-to-head with some of the big names in the industry. They have recently collaborated with China UnionPay to introduce their mobile service dubbed Huawei Pay. When it comes to the topic of bank-card payments, UnionPay does hold a dominant position in China. The bank-card processor (which does work with Apple Pay as well) will assist the smartphone company to roll out Near Field Communication (NFC) when it comes to providing mobile payments in China.
Huawei Provides NFC Payments in China With Huawei Pay
As of late, Huawei is China’s largest smartphone maker in terms of shipments. Just last September, the firm started testing their mobile payment platform in China. It was only used in a limited amount of restaurants and shops. The number soon changed as the company formally announced the launch of their mobile payment service and thus became China’s first mobile phone seller to challenge giants in the tech industry, such as Apple and Samsung, within this category.
Huawei Pay was made possible with the collaboration with UnionPay. UnionPay will assist the smartphone manufacturer to activate their mobile payment service across China. As per a report from The Wall Street Journal, the introduction of the company’s mobile payment system will be the ripple that will aggravate an already touch competition in the digital payment sector in China.
As for domestic and international major technology companies, they too have entered a fast-growing market that is the mobile payments sector within China. Currently (at the time of publishing), this category of the market is dominated by Alipay, which is owned by the Alibaba Group Holding Ltd. This payment system currently holds 70-percent of the market share in terms of the domain of mobile payments.
With the use of Huawei’s mobile payment system, it aims to provide extra security to hold its position while in an extremely competitive sector. For the system to become more secure, each transaction needs to have a fingerprint authentication before it can go through properly. Therefore, this means that all NFC-enabled Huawei smartphones that have a fingerprint scanner will be able to make use of the payment system. For instance, there’s the Huawei Mate S, which was released back in December of 2015 as it supports NFC technology.
Huawei is known to be a great contender in the global mobile market. Back in 2015, they have supported steady sales within the domestic market and also in Western Europe. They amount of smartphones that they have shipped went up by 44-percent from 2014.