Huawei Digital Payment Cloud Solution Cloud platform of digital payments

Main articles:

• Payment system
• Electronic payment systems in Russia
• Electronic payment systems are Money transfers (world market)

2020: Presentation of a cloud platform of digital payments of Huawei

On August 14, 2020 the Huawei company announced the presentation of a cloud platform of digital payments. She is called to help operators of payment systems to create the payment ecosystems focused on superapplications which will expand access to digital financial services in emerging markets.

According to GSMA, for more than decade of the formation the industry of mobile payments totals over one billion registered users. However the sphere of commercial payments still is in embryo. All know that as a key to success in business of mobile payments serves the ecosystem. The superapplication is the major platform and the center of interaction of partners of an ecosystem ensuring effective functioning of marketplace. The cloud system of digital payments of Huawei integrates a payment platform and the superapplication, helping operators of mobile payment systems quickly and to effectively create ecosystems, - Ryan At, the director of marketing department of the software and sales of solutions of Huawei noted

Thanks to a cloud platform of digital payments of Huawei, operators of payment services get advantages in three aspects of work:

• Convenience of interaction: thanks to digital architecture data on users and transactions are available in real time that provides the maximum speed of request processing of buyers and sellers. Besides, in real time it is possible to control risks thanks to the analysis on the basis of AI allowing to reveal dummy transactions and to prevent risks of cashing in.
• Efficient service of TTM: thanks to an open ecosystem the platform provides the application programming interface (API), H5, miniapplications and blocks of the user interface. Therefore partners have an opportunity to start service in the superapplication in one week, and on development from scratch and start of a marketing campaign will leave only three weeks.
• Flexible iteration: thanks to own cloud platform the solution supports container services, microservices, autoscaling, "gray" release and allows to update software for few days.

In To Myanmar Huawei company in cooperation with bank KBZ Bank started KBZPay service and in 18 months successfully expanded it, having covered six million registered users, more than 1,000 partners and over 290 thousand sellers. The transaction amount of KBZPay reached more than seven billion dollars USA.

You watch also Payment systems and services