Huawei Technologies Co now has a nationwide mobile payments licence that enables it to directly compete against Ant Group’s Alipay and Tencent Holdings’ WeChat Pay. Photo: AP
Huawei Technologies Co now has a nationwide mobile payments licence that enables it to directly compete against Ant Group’s Alipay and Tencent Holdings’ WeChat Pay. Photo: AP
Huawei

Huawei renews effort in mobile payments amid Beijing’s moves to boost industry competition

  • Beset by US sanctions, Huawei has started to ramp up its mobile payments service after gaining a nationwide licence from a corporate acquisition in March
  • Its Huawei Pay app has an opportunity to become competitive against industry giants Alipay and WeChat Pay, according to analysts

Huawei Technologies Co now has a nationwide mobile payments licence that enables it to directly compete against Ant Group’s Alipay and Tencent Holdings’ WeChat Pay. Photo: AP
Huawei Technologies Co now has a nationwide mobile payments licence that enables it to directly compete against Ant Group’s Alipay and Tencent Holdings’ WeChat Pay. Photo: AP
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