Huawei Launches a Mobile Payment and Micro Finance Solution, Facilitating Financial Inclusion

SHENZHEN, China, Sept. 27, 2021 /PRNewswire/ — Huawei launched a financial inclusion resolution featuring mobile remuneration and micro financial during HUAWEI CONNECT 2021. The resolution helps financial institutions yield quick and affordable services, bringing a universe a step closer to financial inclusion. Huawei will continue operative with ecosystem partners and regulating new ICTs to allege mobile remuneration and build a moneyed business ecosystem.

Banks use mobile remuneration and micro financial solutions, including cloud record and SaaS, to build tailored business models and a abounding ecosystem on super apps. Huawei’s financial inclusion resolution covers mobile wallet, mobile remuneration platform, super app open framework, and financial product platforms. With these, banks can fast broach several financial services.

At HUAWEI CONNECT 2021, Huawei addressed a destiny of digital mutation opposite industries from 3 perspectives: scenarios, models, and ecosystems. Huawei launched 11 new attention solutions, one of these being a mobile remuneration and micro financial solution. The latter uses new technologies to assistance financial institutions around a universe allege mobile payment; bond users, merchants, channel partners, and developers; and build a moneyed ecosystem.

1. A super app connects users and merchants. Huawei provides mixed channel technologies (SuperAPP, HTML5, conduit USSD, Agent, and open API) to assistance banks strech their business faster and during a reduce cost. Huawei also supports smaller merchants in upgrading their digital operations by tailored apps; these also assistance banks outward China rise representative networks to strech business online and offline. With Huawei solutions, financial institutions can pattern a finish online patron tour and broach improved patron experience.

2. A financial product height connects users and funders. Carriers outward China have a large series of users, so they have a pushing force for business expansion and a pre-requisite for monetization. However, they are lacking a height to bond with banks. The financial product height helps carriers suggest users to banks, that can in spin yield embedded financial products directly to users.

3. A developer height helps build an ecosystem. There are several forms of developers, including those of tellurian heading use systems, internal services, and middle services such as tiny plug-ins. Huawei provides a cloud-native SaaS solution, that supports iterative creation and open APIs. This enables other SaaS partners and opposite ecosystem players to bond on a HUAWEI CLOUD platform. Banks and partners can simply try new services and fast total different ecosystems to successfully launch corner projects.

Huawei’s financial inclusion solutions have already been successfully implemented in several countries.

For example, Huawei worked with KBZ Bank in Myanmar — a largest internal bank — to build a new digital wallet called KBZPay formed on a open cloud. KBZPay integrates several selling collection to broach a entirely digital knowledge to users and assistance merchants attract customers. In usually dual and a half years, KBZPay on-boarded over 8 million purebred users, creation it a heading digital life remuneration code in a country.

In Kenya, Huawei cooperated with Safaricom — a largest internal conduit — to build a remuneration code called M-Pesa. Not usually does a height support bank transfers, it also offers several services for daily life. At a same time, it helps KCB Bank, NCBA Bank, and Safaricom yield micro and tiny loans to people and merchants. On a marketplace for 14 years, M-Pesa has significantly contributed to augmenting financial inclusion in Kenya, that has shot adult from 23% to 85%.

Huawei is committed to advancing financial inclusion. It has so distant served over 30 sites opposite some-more than 20 countries, covering 300 million users in regions like Southern Africa, North Africa, and Asia Pacific. Huawei aims to broach available and different financial services to everyone. Using the modernized connectivity and platforms, Huawei helps financial institutions build digital business processes, exercise digital financial inclusion services, and grasp tolerable financial development.

SOURCE Huawei

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