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After Apple Pay and Samsong Pay,Huawei pay will also be introduced

  • Author:July
  • Source:www.diecastingpartsupplier.com
  • Release on :2016-03-22

Major Chinese phone makers are speeding up the promotion of their mobile payment services in response to aggressive efforts made by US rival Apple Inc in the country's promising mobile payment market, analysts said last Wednesday.

Huawei Technologies Co announced a partnership with Bank of China (BOC) on Tuesday, allowing BOC card holders to use Huawei Pay, a contactless mobile payment service. The company told the Global Times via e-mail on Wednesday that it would try to seek "cooperation with more banks to jointly promote Huawei Pay."
Having offered Huawei Pay on Mate S, its near field communication (NFC)-enabled smartphone, the company said it would apply the function to its other smartphone models in the second half of 2016.

苹果三星之后 华为支付也将推出

Huawei Pay, which is similar to Apple Pay and Samsung Pay, enables users to pay for everything from meals to public transportation to goods via NFC - provided that the vendors also have point-of-sale (POS) terminals that support the technology.

However, Huawei Pay will not have a big effect on the company's phone sales domestically and globally, analysts said.
"Contactless mobile payment technology is already widely regarded as a feature that a smartphone should have, especially in China, where an increasing number of people are accustomed to mobile payment," Wang Yanhui, head of the Shanghai-based Mobile China Alliance, told the Global Times Wednesday.
Data from the China Internet Network Information Center showed that by the end of 2015, a total of 358 million Chinese users paid bills via smartphones, up 64.5 percent year-on-year.
However, this widespread interest does not mean the addition of mobile payment technology will drive up smartphone sales, said Wang.
It will be the same for Huawei's overseas business, Wang noted. "Also, consumers in overseas markets have not shown as much enthusiasm for mobile payment services as Chinese people."
For instance, Apple Pay has had relatively limited success in the US market thus far. According to a report by CNBC on February 17 citing research firm First Annapolis, only 20 percent of iPhone 6 owners in the US reported using Apple Pay at least once in December 2015, down from 22 percent in Spring 2015.