Huawei introduces Digital Payment Cloud Solution

News Wireless Global 7 AUG 2020
Huawei introduces Digital Payment Cloud Solution
Huawei has introduced a Digital Payment Cloud Solution at its Better World Summit 2020. The service is designed to help digital payment service operators build app-centered payment ecosystems to accelerate digital financial inclusion in emerging markets.

Huawei’s digital payment cloud solution brings enables both user and transaction data to be opened in real time, providing 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.

With the open ecosystem, the service provides application programming interface, H5, mini apps, and UI bricks technologies designed to enable partners to launch the service on super app within one week and marketing campaigns from idea to launch within three weeks.

With a cloud native platform, the service supports container/micro-service, auto-scaling, grayscale release, and enables software updates in days.

Huawei also reports that, in Myanmar, it has cooperated with KBZ Bank to launch KBZPay and within 18 months expanded the service to 6 million registered users, over 1,000 partners, and more than 290,000 merchants. KBZPay’s transaction value has reached over USD 7 billion, Huawei also said.

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