Huawei Pay was launched in Hong Kong this week. The mobile payment service, based on a security chip jointly developed by Huawei and China UnionPay, was first put into operation in Russia, in December last year.
In Hong Kong, Huawei hopes to crack a market that has already adopted WeChat Pay and Alipay, plus eight new digital banking licensees with products under development. However, it actually has a head start, of sorts: the city boasts more than 40,000 retail shops that already accept the UnionPay contactless card payment system.
Users can link their UnionPay card with the Huawei Pay app, and this will enable them to settle payments by simply putting their phone in front of the cashier sensor. Read more.