Huawei Pay online payment service in Russia
Representatives of Huawei said that in the first half of 2019 their payment system Huawei Pay will become operational in Russia. Prior to that, this service was available only to residents of China.
For the first time the system of online payments appeared in 2016. It was a joint project between Huawei and UnionPay International. Users of smartphones and smart watches of Huawei and Honor can use this service. According to the initial announcements of the representatives of the payment system, the first to try the service will be the owners of debit and credit cards of UnionPay company.
At the same time, accounts should be opened in Gazprombank or in Russian Agricultural Bank. But the management of Huawei Pay hastened to assure that this is only the beginning and the list of financial institutions will only expand in the future. In order to use the new service, the user needs to download a special application, as well as have a compatible smartphone model. The list of compatible devices includes: Mate 20, Mate 20 Pro, Porsche Design Mate 20 RS, P20, P20 Pro, P10, P10 Plus, Honor 10, Honor View 10, Honor 9. By the way, Huawei will not be the first company that will allow Russian customers to use contactless payment service. Earlier Apple Pay, Android Pay, Samsung Pay and Garmin Pay appeared on the market.
UnionPay introduces Huawei Pay in Russia
The national system of payment cards in cooperation with UnionPay International has developed a system of digital protection of online payments. To ensure the safety of online commerce, NSPK has developed a special algorithm based on the EMV 3-D Secure 2.0 protocol. Using this security system, cardholders can not worry about the safety of their funds and the confidentiality of their data. The new service was tested by MinBank, USS NBCO and Compass Plus. The evaluation of the latter company was particularly inportant, as it is an international provider of software products in the digital payment industry. Another important decision was the step of the National Payment Card System towards tokenization. Thanks to the new service of NSPK, UnionPay cardholders can add their account to the mobile phone, replacing the data with a personal token. This will ensure maximum protection of user information. Innovative service has already been tested by representatives of Gazprombank and Russian Agricultural Bank.
According to Fang Jiguang, head of the Russian branch of UnionPay International, thanks to the agreement of the company with NSPC and other partners, their organization has made a breakthrough in the last few years. The new service will allow UnionPay cardholders in Russia to enjoy safe and convenient online and mobile payment services. He also noted that in the future UnionPay and NSPC will continue to deepen cooperation in order to optimize services for Russian customers. The CEO of NSPC, Vladimir Komlev, also noted that UnionPay is an important partner of the NSPK. He said that they are developing cooperation with this corporation in several directions and are not going to stop there.