In March this year, Huawei announced their entry into the mobile payment network. Alibaba’s AliPay and WeChat Wallet are in the business for few years and very popular in China. However, Huawei Pay is the first payment service from smartphone manufacturer. Huawei in collaboration with Bank of China now officially launched its services in China. Few of the Huawei and Honor branded smartphones will be supporting the Huawei Pay.
Apple and Samsung already launched their mobile payment services Apple Pay and Samsung Pay respectively in China. Instead of getting a new license, the company opted to collaborate with Union Pay. By the time of launch, Huawei Pay supports 25 banks and also the travel card for buses. The Huawei Mate S launched at IFA 2015 is the first Huawei device to support mobile payments. It came included with NFC, Fingerprint sensor and built-in security chip.
As of now, only the Huawei Mate S along with the recently launched Honor 8 and Honor V8 supports Huawei Pay. In the coming months, the company will be launching more and more smartphones that supports mobile payments. To supports Huawei pay, the device need to come with security chip, NFC, Fingerprint, and also the Trusted Execution Environment (TEE) which secures the confidential data.
Xiaomi also announced launch their mobile payment service Mi Pay tomorrow in China. It also works on NFC and might be compatible with the flagship Mi 5 itself. We also exclusively reported about the mobile payment service from OPPO. Though there is no official information from OPPO, our exclusive sources suggested the company to started working on their own mobile payment service.
Coming to IFA 2016, Huawei will be launching a new sub-brand called Nova to launch Huawei Nova and Huawei Nova Plus smartphones for women. Stay tuned on PhoneRadar for complete information regarding the specifications and pricing of the new smartphones from tomorrows event.