What's New in Payments

Huawei Pay targets Eastern European launches

UnionPay International and Huawei sign global cooperation agreement — UnionPay International — “Next, UnionPay International and Huawei plan to launch Huawei Pay in more markets along the Belt and Road, especially in the Eastern Europe… Huawei Pay now supports the bank cards issued by 66 issuers and is available with 20 terminal devices including mobile phones and watches… In 2017, the transaction volume via Huawei Pay exceeded RMB4bn (US$632m).”