Huawei announced today the latest developments and future eco-strategy of Huawei Pay. According to Sun Jianfa, the head of Huawei's consumer business cloud service Huawei Pay business, as of July 2018, Huawei Pay has accumulated access to 78 banks, and the supported devices include watches. Up to 24 models have been reached, and more than 16 million POS terminals have been supported by Huawei Pay. Compared with the same period in 2017, the number of Huawei Pay cards issued in the year 2018 has increased by 300% year-on-year, and the transaction volume has increased by 350% year-on-year. Year-on-year growth of 400%.
This year, Huawei Pay began to expand its online business. At present, more than 40 home appliance companies support users to use Huawei Pay to make payments. In addition, Huawei Pay supports 11 public transportation card bindings, covering more than 160 city bus and subway cards, and has accumulated 1.1 million users, expected to support 20 kinds of transportation cards by the end of the year.
According to Sun Jianfa, Huawei and the Third Institute of the Ministry of Public Security announced the launch of a network electronic system issued by the Ministry of Public Security Citizen Network Identification System.
The identity (eID) is loaded into the mobile phone pilot. In the future, consumers can use a Huawei or glory mobile phone with Huawei Pay function to complete online identity authentication, and apply offline applications such as hotel check-in.
