#Payments / Huawei Unveils Cloud-based Payments

Huawei has entered the cloud-based digital payment space… [Huawei:] “Mobile money today has over one billion registered users after more than 10 years of development. However, merchant payment is still at its infancy. We all know that the key to success in the mobile payment business relies on the ecosystem … Huawei’s digital payment cloud is designed to provide a payment platform and super app that helps mobile payment operators build an ecosystem quickly and efficiently.”

Huawei said… that one selling point for the new system is an architecture that allows a “real-time query experience for users and merchants.”

“Both user and transaction data can be opened in real time,” Huawei wrote in its release, adding that the system also offers “real-time risk control.”