Huawei recently signed a mutual cooperation agreement with UnionPay International with the aim of working together to promote the globalization of Huawei Pay at Shenzhen, China.
The agreement marks the first joint effort between Huawei and UnionPay to bring Huawei Pay to the global market since the two enterprises worked together to create Huawei Pay back in 2016, read a press release.
Alex Zhang, president of Huawei Consumer Cloud Service, and Larry Wang, vice president of UnionPay International, attended the signing ceremony.
In future, Huawei and Honor mobile phone users outside of China can make quick and easy mobile payments by adding their UnionPay bank cards to a phone that has Huawei Pay enabled and then placing their phone next to a POS machine that supports UnionPay mobile QuickPass.
At the signing ceremony, Alex Zhang said: “Open sharing is an important direction for the future of digital economy and intellectual interconnection, which is why Huawei end-user cloud services build an open and globalized smart mobile ecosystem for end user experience.”
Larry Wang added: “UnionPay International carries out extensive cooperation with various players in the payment industry to integrate the advantages of each party. This cooperation with Huawei is of great significance.”
Russia will be the first oversea market to implement the service. More than 10 Russian banks have issued about 1.3 million UnionPay bank cards. Besides Russia, Huawei and UnionPay plan on bringing Huawei Pay services to other markets in Eastern Europe.