As Mobile Payment system is gaining popularity day by day in all the major markets of world. Apple Pay, Samsung pay and Android Pay are already in the market, So to compete with these Huawei pay is announced in China.
The news is not really surprising us because after Apple Pay was launched in the country, There are speculations and reports all around the web that most Chinese manufacturers like Xiaomi, Huawei, ZTE, etc were planning to release a payment service of their own. So Huawei is the first one to release such a service this year. The company could soon be followed by other smartphone makers in the country.
Now coming to Huawei Pay, Company makes a partnership with the Bank of China to start its service. Although the company did not reveal any specifics about this service yet.