In its P40 series online conference held on April 8, 2020, Huawei showcased a host of its latest applications. Huawei is making a major push in the market to challenge Google applications. Due to the trade restrictions imposed by the US government, Huawei can’t use any Google applications on its devices.
The most important release of the P40 series conference is the Huawei Credit Card. The Huawei Electronic Card is based on Huawei Pay and promises strong security features. You can pay for groceries or apparel or food with just a single tap.
Huawei Consumer Business Group CEO Richard Yu unveiled the Huawei Card during the company’s Chinese P40 launch event earlier today, according to finance.yahoo.com. It seems like the company’s new plastic unsurprisingly borrows a lot of the Apple Card’s best features.
For instance, it’s both a physical and virtual card. What’s more, the company’s phones will store any data in the same secure enclave that handles mobile payments. UnionPay, China’s largest card payment organization, is backing the card, and it supports NFC for tap.
It also appears Huawei wants to give consumers as many reasons to sign up as possible. There’s no first-year annual fee, and the company will waive the second-year fee for those who spend a certain amount through Huawei Pay.
The card also comes with travel benefits. After spending a certain amount of money, users can get lounge access at train stations and airports. Huawei plans to offer special in-app promotions, and people who pay for purchases using Huawei Pay will be eligible for cashback rebates.
Yu didn’t mention a release date, so there might be a bit of a wait before it’s available.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
