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| Huawei launches Huawei credit card |
Huawei launched its credit card (Huawei card) on Wednesday, which appears to be an imitation of Apple, which launched the card (Apple Card) in late March 2019.
At a local event in China, Chinese CEO Richard Yu Chengdong announced the Huawei P40 card and mobile phone. Although not all battery details have been released yet, it is similar to the Apple Card in that it is largely digitally supported and paired with Huawei Pay online payment service.
Similar to regular credit cards, there is a real card (Huawei card) that can process payments. It is operated by a Chinese financial services company (UnionPay) that provides bank card services. The card also supports NFC for contactless payments.
Unlike Apple cards, it appears that Huawei cards pay annual fees like regular credit cards. To attract consumers, Huawei announced that it would waive annual fees for all consumers in the first year. The second year is also free for those who reach a certain transaction size. In addition to using VIP lounges and other travel rewards, the Huawei Card also promises certain rewards, for example B. Cashback plan.
Huawei also promised to address the security of digital cards with the utmost care and safety, especially in view of Western countries' concerns about the company's cooperation with the Chinese government in spying.
It is believed that the Huawei card problem can fix this situation before Apple dominates the Chinese market, especially after the American company obtained pre-approval from the People's Bank of China to operate its card in China.