Thursday, August 6, 2020
Huawei Launches Digital Payment Cloud Solution at Better World Summit 2020
Huawei launched a new Digital Payment Cloud Solution recently at its Better World Summit 2020 designed to help digital payment service operators build super app centered payment ecosystems that will accelerate digital financial inclusion in emerging markets.
Ryan Wu, Director of Huawei Software Marketing & Solution Sales Dept.
“According to GSMA , mobile money today has over 1 billion registered users after more than 10 years of development,” said Ryan Wu, Director of Huawei Software Marketing & Solution Sales Dept. “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. Super app is a critical platform and engagement point for ecosystem partners and provides an efficient merchant marketplace. 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’s digital payment cloud solution brings value to payment operators from three aspects:
* Extremely Digital Experience: With the digital architecture, both user and transaction data can be opened in real time, ensuring real-time query experience for users and merchants. In addition, real-time risk control can be built based on AI analysis capabilities to identify fake transactions and avoid cash-out risks.
* Expedite Service TTM: With the open ecosystem, the solution provides API (application programming interface), H5, mini apps, and UI bricks technologies that enable partners to launch the service on super app within one week and marketing campaigns from idea to launch within three weeks.
* Agile Iteration: With a cloud native platform, the solution supports container/micro-service, auto-scaling, grayscale release, and enables software updates in days.
In Myanmar, Huawei has cooperated with KBZ Bank to launch KBZPay and within 18 months successfully grew the service to six million registered users, over 1000 partners, and more than 290 thousand merchants. KBZPay’s transaction value has reached over $7 billion, cementing KBZ as Myanmar’s number 1 mobile payment service provider.