Huawei Pay is an e-wallet designed for use on Huawei devices. Users can add bank cards, credit cards, even travel cards, to the app, then pay with these using the Huawei Pay app on their phone. It’s intended as a way of making life easier and more convenient for users of Huawei phones.
As with most card wallets, the consumer must have a Supporting e-wallets allows merchants to sell to the large numbers of people who do not have a bank account or a credit card. In China, for instance, 20% of the adult population (231 million people) does not have a bank account. And just 21% of Chinese have a credit card.
The benefits of supporting e-wallets
- One recent study found global use of e-wallets growing at a rate of 19% a year.
- Worldwide, consumers spend US$100bn a year with mobile wallets.
- Mobile wallets allow people to shop easily in store and online.
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