A while ago we let you know that Huawei was working with UnionPay in China in order to launch local mobile payment services. Now that service has come to life, so after Apple Pay and Samsung Pay started getting traction in China, it’s now time for an in house system to pop up.
The transactions done by Huawei’s payment system will be handled by its cooperating partners in the financial segment and Huawei itself won’t offer financial services. Samsung Pay has been working in South Korea, the US and China for a few months now and 6 months after the release the system registered 5 million users with about half a billion dollars in transactions.
China UnionPay is also working with Apple and Samsung, not only Huawei and they’re ready to partner up with Oppo, Xiaomi and Meizu. With many Huawei phones sporting fingerprint scanners, it’s only a matter of time till that’s linked to the UnionPay service.