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Huawei Pay debuts in China

Huawei Pay debuts on the Chinese mobile payments market
Huawei Pay unveil
This new mobile payment service only backed by the Bank of China for now enters a market dominated by Alibaba's Alipay, with more than 400 million verified users.

2016 is a crucial year for the mobile payments market, as most mid-range handsets that launch these days offer support for the new payment methods and the fingerprint reader becomes a regular feature. China is a huge market, and everyone targets it - both Apple and Samsung will introduce their mobile payments services by the end of the year, but the local companies also join the fight.

Huawei Pay is a new mobile payments service that only has support from the Bank of China for now, but things will surely change as it expands its reach. The service uses NFC connectivity, and the technology is already present in the Huawei Mate S, a handset that reached the market back in December 2015.

In China, the market is dominated by Alibaba's Alipay, with more than 400 million users reported at the end of 2015. According to industry insiders, big local names like Xiaomi, ZTE, or Lenovo, are all working on their own mobile payments service. On the other hand, Alibaba plans to extend its reach to more than 500,000 shops overseas by the end of the year. 

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2016 03 > Huawei Pay debuts in China
Codrut Nistor, 2016-03-11 (Update: 2016-03-11)
Codrut Nistor
Codrut Nistor - News Editor
Although I have been writing about new software and hardware for almost a decade, I consider myself to be old school. I always enjoy listening to music on CD or tape instead of digital files and I will not even get into the touchscreen vs physical keys debate. However, I also enjoy new technology, as I now have the chance to take a look at the future every day. I joined the Notebookcheck crew back in 2013 and I have no plans to leave the ship anytime soon.