Huawei has announced the arrival of Huawei Pay in Malaysia, in partnership with UnionPay International and Industrial and Commercial Bank of China (ICBC). Users can now add the banks’ cards to Huawei Pay.
Huawei Pay was first introduced in August 2016 in China as a mobile payment service rooted on Huawei Wallet, as part of the Huawei Mobile Services (HMS).
It is one of the key services under the HUAWEI Wallet application that supports the Near Field Communication (NFC) payments in retail stores. Users can enable HUAWEI Pay by adding their ICBC UnionPay Credit Cards to Huawei Wallet app and transact conveniently by tapping their HUAWEI smartphones to the payment terminal.
Following the footsteps of his counterparts in Hong Kong (China), Macau (China), Singapore and Thailand, ICBC (Malaysia) Berhad teams up with HUAWEI and UnionPay International to bring this service to Malaysian shores, making it the first financial institution in Malaysia to support Huawei Pay.
Via the partnership, ICBC UnionPay Credit Cardholders will be among the first in Malaysia to experience this smooth, reliable payment method on their Huawei smartphones.
By using any Huawei smartphones that supports NFC, ICBC UnionPay Credit Card holders can tap their Huawei smartphones to the payment terminal that supports UnionPay QuickPass (Contactless) payments.
Instead of having the need to unlock their phone, application or even connect to the Internet, users can opt to make in-store payments by holding the HUAWEI smartphone close to the payment reader. Once the fingerprint is authenticated the payment is done.
Huawei Pay users are able to make payment at over 20 million payment terminals with UnionPay QuickPass logo（)across 51 countries and regions around the world. With more than 30 HUAWEI smartphones equipped with HUAWEI Pay, users need not worry about being left out.
The service also comes equipped with multiple security guarantees; for example, a device-specific number known as a token is used instead of bank card number to handle payments.
Every transaction has to be authenticated by the user’s fingerprint or passcode. When user pays with a debit or credit card, Huawei Pay doesn’t keep the transaction information that can be traced back to user, which greatly reduces the risk of data leakage and effectively guarantees the security of user information and funds.
When a user adds a card to Huawei Pay, a device-specific number (token) instead of bank card number, will be encrypted and stored separately in the security chipset of the user’s smartphone. The security chipset provides a completely isolated running space for sensitive data to avoid malicious behaviour that may occur in the non-isolated space. In other words, a user’s bank card number is not stored on their device or on Huawei Pay servers and is not shared with merchants.