Huawei Pay to expand outside of China thanks to a deal with UnionPay
When checking out at a retail store, Huawei Pay can be used in a with a POS system that supports UnionPay mobile QuickPass. So far, Huawei Pay works with 66 banks and 20 different smart devices including smartphones and some smartwatches. With the international rollout, the number of transactions using Huawei Pay is expected to grow sharply. Last year, the feature was used to ring up 4 billion RMB worth of transactions ($653.3 million USD) in China.
With UnionPay cards accepted at 85% of POS and ATM terminals in Russia, that country will be the first outside China to allow Huawei Pay as a way to settle a transaction. 1.3 million UnionPay cards have been issued by 10 Russian banks. Other countries in Eastern Europe are expected to join Russia in allowing the use of Huawei Pay for quick check outs at stores that will support the service.