Huawei's payment institution accelerates the construction of Hongmeng ecosystem and officially changes its name to "Petal Payment"

Huawei's payment institution "Xunlian Zhipay" announced on October 17 that it would be renamed "Petal Payment". This move has attracted widespread attention. This move is part of Huawei’s efforts to build Hongmeng ecological infrastructure and is designed to further promote Hongmeng Yuan services. The new payment platform will fully support Huawei Payment, and plans to provide convenient and secure payment services on multiple terminal devices such as negative screen

In March 2021, Huawei fully acquired Xunlianzhi Payment , successfully obtained a mobile payment license, becoming the second smartphone manufacturer to obtain such a license after Xiaomi. This move is considered an important strategic arrangement for Huawei in the mobile payment market. However, Huawei emphasized that the name change is only a superficial change, and is actually to accelerate the construction of Hongmeng ecological infrastructure

According to the editor’s understanding, the development of Huawei Pay Positioning is not just about mobile payment, but a full-scenario payment platform. As one of the core infrastructures of the Hongmeng ecosystem, Huawei Pay will be deeply integrated with the Hongmeng operating system, enabling Huawei developers and partners to achieve closed-loop business in the Hongmeng ecosystem. In addition, payment operations on multiple Huawei terminal devices will be able to be seamlessly switched across terminals to mobile phones, thereby providing users with a more convenient and secure payment experience

Although Huawei Pay was once regarded as Alipay and WeChat Pay It is a strong competitor in the mobile payment market, but Ma Chuanyong, the person in charge of Huawei's payment, said that they are not competitors with Alipay and WeChat Pay, but partners. With the continuous launch of Hongmeng operating system, Huawei Pay will continue to expand application scenarios, including mobile phones, smart screens, tablets, computers, cars and other terminals, achieving full-scenario payment coverage and providing users with more convenient payment options. In the future, Huawei Pay will continue to explore more application scenarios with the support of Hongmeng operating system to further promote the development of the ecosystem

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