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Recently, Huawei's payment business has made new progress - its payment institution "Xunlian Zhifu" has been renamed "Huaban Payment".

'Petal payment' has been planned for a long time

It is understood that Xunlian Zhifu was established in June 2013 with a registered capital of 200 million yuan. It obtained a payment license in 2014 and was initially affiliated with ZTE Communications. Subsequently, its equity was transferred.

In March 2021, Xunlian Zhifu changed ownership again and became a payment institution under Huawei. Huawei also became the second mobile phone manufacturer after Xiaomi to have a payment license.

It is worth mentioning that Huawei had a plan for this renaming earlier. According to the official website of the National Intellectual Property Office, Huawei applied for the petal payment trademark in October 2020. In June 2022, petal payment was approved for registration.

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Huawei wants to go to war with WeChat and Alipay?

According to Southern Metropolis Daily, regarding Huawei's goal of entering the mobile payment market, Ma Chuanyong, President of Huawei's Terminal Cloud Service Payment BU, introduced at a media exchange that Huawei has been engaged in payment business for 10 years.

Starting from December 2011, Huawei's in app payment was launched, and by September 2021, "Huawei Pay" online payment was officially launched. Huawei's payment business is constantly evolving, mainly to improve payment capabilities within the framework of partners and hardware ecology.

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In the eyes of the outside world, Huawei's entry into the payment field may become a strong competitor to WeChat Pay and Alipay in the future, impacting the "duopoly" pattern of payment.

Ma Chuanyong stated that Huawei Pay is not about competing with WeChat and Alipay to grab market share, nor will it engage in price subsidy wars, but rather hopes to provide a good payment experience.

Nearly trillion yuan of research and development investment in the past decade

As a leading global communication technology company, Huawei has always attached great importance to innovation and intellectual property protection, ranking first in the number of patents applied in China for five consecutive years. In 2022, Huawei submitted 8440 patent applications, of which more than 90% were invention patents, involving multiple fields such as electronic communication, optical technology, switching routing, Hongmeng operating system, computing storage, photography, smart cars, etc.

In this era of technological progress and innovation, Huawei is undoubtedly a shining star. As a leading global provider of information and communication technology solutions, Huawei has achieved many breakthrough innovation achievements in recent years and continues to promote innovation in various fields.

Enterprise development cannot be separated from innovation, and each enterprise should attach importance to product and technological innovation. However, while innovating, do not forget to protect intellectual property rights.

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