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George Ma
April 9 15:00

Huawei announced its own credit card

Company announced its own credit card after Apple.
In China there was a press-conference devoted to the local announcement of the flagship devices of Huawei P40 series. There, Huawei spoke not only about smartphones: the company announced its own credit card after Apple.

Apple launched its Apple Card last year. To do this, the company partnered with Goldman Sachs and Mastercard. For the time being, the card is valid only in the U.S., and perhaps there will be no extensions.
Huawei Card will be released in both virtual and physical form. Huawei smartphones will store any data on the card in the same "secure enclave" where mobile payments are processed. The card will be supported by the Chinese payment system UnionPay.
Huawei will not charge for the card during the first year. For people who will spend a certain amount on Huawei Pay, no fee will be charged either. In addition, the card will give various bonuses.
Recently Huawei announced the launch of contactless payment service "Wallet Pay" on its smartphones in Russia.