Huawei responded by launching "petal payment": promoting Hongmeng's ecological construction and not competing with Alipay WeChat

Recently, Huawei's payment business has made new progress - its payment institution "Xunlian Zhifu" has been renamed "Huaban Payment".The central bank has updated the "Announcement of Major Change Permits for Non bank Payment Institutions", and Huawei's payment business has made new progress

Recently, Huawei's payment business has made new progress - its payment institution "Xunlian Zhifu" has been renamed "Huaban Payment".

The central bank has updated the "Announcement of Major Change Permits for Non bank Payment Institutions", and Huawei's payment business has made new progress. According to the announcement, the central bank has agreed to Shenzhen Xunlian Intelligent Payment Network Co., Ltd. change its company name to "Huaban Payment (Shenzhen) Co., Ltd.".

According to the Tianyancha APP, Xunlian Zhifu is a payment company under Huawei, 100% controlled by Huawei Technology Co., Ltd., with Chairman Zheng Liying and General Manager Ma Chuanyong.

Xunlian Zhifu was established in June 2013 with a registered capital of 200 million yuan. It obtained a payment license in 2014 and was initially affiliated with ZTE Communications. Subsequently, its equity was transferred. In March 2021, Xunlian Zhifu changed ownership again and became a payment institution under Huawei. Huawei also became the second mobile phone manufacturer after Xiaomi to have a payment license.

Regarding this change, Huawei responded in an interview with the Science and Technology Innovation Board Daily today that the name change is not a big deal. Essentially, Huawei has accelerated the construction of Hongmeng's ecological infrastructure, and the newly upgraded negative screen will fully support Huawei's payment. "This is an important step in promoting Hongmeng's meta services, and now major partners such as Didi, Meituan, Maoyan, and Tongcheng have all entered negative screen in the form of meta services.

Previously, a reporter from the Science and Technology Innovation Board Daily learned from Huawei that Huawei's positioning for payment is not only mobile payment, but also a full scenario payment platform.

As the underlying infrastructure of the Hongmeng ecosystem, Huawei Payment will deeply integrate with the Hongmeng system. Huawei developers and partners can directly complete commercial closed-loop in the Hongmeng ecosystem. Payment operations on multiple Huawei terminal devices can be transferred to mobile phones across end streams, enabling users to easily and safely complete payments.

Since 2011, Huawei has been providing payment services for applications launched in the Huawei application market; In 2016, Huawei's in app payment officially launched in Singapore and the United Arab Emirates, providing services such as bank card payments, local wallets, and online banking payments.

In July 2022, Huawei disclosed that the monthly active users of Huawei Wallet have exceeded 100 million. Bank card payments currently cover more than 170 countries/regions worldwide, support third-party payments in 48 countries/regions, coin payments cover 131 countries/regions worldwide, and Huawei Pay covers 10 countries/regions worldwide.

According to the data of several research institutions, the market share of WeChat payment and Alipay in China's third-party payment market has exceeded 90%. However, Ma Chuanyong, the person in charge of Huawei payment, said in an interview that Huawei payment is not competing with Alipay and WeChat payment, they are still Huawei's partners. With the launch of the Hongmeng operating system, Huawei Pay is the infrastructure for building the Hongmeng ecosystem. Huawei Pay targets mobile phones, smart screens, tablets, computers, and cars, with multiple terminals and full scene coverage. In the future, Huawei Pay will explore more scenarios based on the Hongmeng operating system.

In November 2022, Huawei announced that Alipay has officially accessed Hongmeng Ecology. According to Yu Chengdong, Hongmeng Ecology is constantly welcoming strong partners. Huawei and Alipay are exploring more possibilities for HarmonyOS based atomization services, so that users can get services in a better way. Users will soon be able to quickly complete online payment through the intelligent search of Huawei terminals and directly reach the atomized service card of Alipay life payment in one step. In the future, convenient services such as medical insurance inquiry and provident fund inquiry, as well as active intelligent recommendation services based on smart location cards, will also be launched.

Regarding the future development of Huawei Pay, Ma Chuanyong believes that as user experience upgrades, devices continue to increase, and new scenarios continue to cover, users who prefer to pay with Huawei will increase their share.

However, development takes time, and many industry insiders believe that Huawei's entry will not change the industry landscape in the short term. It will only take a long time to digest internal convertible users and build a compliant and sustainable technology system.

(Cailian Society)

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