27 May 2018
https://www.avoka.com

Huawei launches Chinese NFC payments service

23 March 2016  |  7325 views  |  1 Chinese Flag

Chinese handset manufacturer Huawei has teamed up with China UnionPay on an NFC-based mobile payments service, taking on a host of local rivals and Apple, according to the Wall Street Journal.

Following a pilot, Huawei is rolling out its service across China, enabling customers to make contactless payments by tapping their handsets against POS readers while pressing the fingerprint reader.

UnionPay has also teamed up with Apple, which launched its mobile payments service in China last month, and Samsung, which is planning to bring its effort to the country soon.

More generally, Web giants Alibaba and Tencent dominate the huge Chinese mobile money market. Last week figures from Tencent suggested that the firm's WeChat messaging app is on course to facilitate some $556 billion over the year in P2P payments alone.

KeywordsEFTPOS

Comments: (1)

A Finextra member
A Finextra member 23 March, 2016, 12:20

Ah, I wish I trademarked HuaPay in China when I thought of doing so...

Be the first to give this comment the thumbs up 0 thumb ups!
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

China's Tencent hints at huge WeChat mobile payment volumes

China's Tencent hints at huge WeChat mobile payment volumes

18 March 2016  |  12170 views  |  0 comments | 19 tweets | 19 linkedin
Chinese banks charged half the fees levied by Apple Pay on US banks

Chinese banks charged half the fees levied by Apple Pay on US banks

23 February 2016  |  11433 views  |  0 comments | 2 tweets | 1 linkedin
China rings in the New Year with millions of digital red envelopes

China rings in the New Year with millions of digital red envelopes

08 February 2016  |  8392 views  |  0 comments | 6 tweets | 7 linkedin
Apple and Samsung set to take on Chinese tech firms with m-payments launch

Apple and Samsung set to take on Chinese tech firms with m-payments launch

18 December 2015  |  7893 views  |  0 comments | 7 tweets | 9 linkedin
Alipay and Huawei team on fingerprint-based mobile payments

Alipay and Huawei team on fingerprint-based mobile payments

02 September 2014  |  8960 views  |  1 comments | 18 tweets | 11 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit aciworldwide.webex.comVisit www.abe-eba.eu

Who is commenting?

Top topics

Most viewed Most shared
satelliteAnt Financial provides tech for China Ever...
29398 views comments | 3 tweets | 2 linkedin
Digital banking transformation creating new systemic risksDigital banking transformation creating ne...
8973 views comments | 18 tweets | 26 linkedin
MUFG to roll out blockchain payment network next yearMUFG to roll out blockchain payment networ...
7640 views comments | 13 tweets | 13 linkedin
There are some things you just can't do with an appThere are some things you just can't do wi...
6927 views comments | 9 tweets | 15 linkedin

Featured job

(GBP Equivalent) Six-Figure Base + OTE + Benefits
New York City, NY - USA

Find your next job