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Chart Horizon News: On Tuesday (5th), according to a number of media reports, #Huawei Pay has been online for several months!
Huawei entered, Alipay and WeChat Pay welcomed a heavyweight player,
So does Huawei really want to "divide the world" with them?
The result may not be that simple...
01
Acquisition of third-party payments!
Huawei won the payment license!
As we all know, to carry out payment business in China, it is necessary to pay for the license, and Huawei has long had a layout!
It is said that as early as March 2021, Huawei finally won the payment license by acquiring 100% of the equity of Shenzhen Xunlian Zhifu Network Company, as shown in the following figure:
According to the information on the official website of the central bank, in July 2014, Shenzhen Xunlian Zhifu Network Co., Ltd. obtained a payment license, including business types: Internet payment, mobile phone payment, etc., which is valid until July 2024.
Therefore, after Huawei acquired Shenzhen Xunlian Zhifu Network Company, the market generally predicted at that time that Huawei would launch its own payment system next.
In addition, just last September, when purchasing "Huawei Developer Conference 2021" tickets through Huawei wallet, "Huawei Payment" has appeared in the wallet option, which is believed to be a test of Huawei's payment.
Now Huawei Pay is officially online, and it has been online for several months.
02
Alipay and WeChat Pay monopolize the market!
Can Huawei break the monopoly?
Chart Horizon looked at huawei payment in Huawei wallet and found that at present, Huawei payment can be bound to more than 160 bank savings cards, including the main bank savings card, after opening the balance, the account can be used immediately.
Of course, there are still some activities, such as: the first single minus 5 yuan, etc., friends in need can try.
In addition, as Huawei's own payment method, Huawei Payment is applicable to all Huawei products and apps, and transfers and withdrawals are free.
With the official launch of Huawei Payment, China's third-party payment industry will enter a new "Warring States Era", and China's payment market is very large.
For example, according to the latest data from the China Internet Network Information Center, as of 2021, the number of online payment users will reach 904 million, an increase of 49.29 million over 2020, accounting for 87.6% of the total Internet users.
However, for now, Alipay and WeChat Pay have a market share of up to 90%, almost forming a "duopoly" market, so for Huawei, it is not easy to break the monopoly!
Of course, Huawei also has its own advantages, especially Huawei equipment.
According to Huawei's latest annual report, Huawei's terminal equipment currently has a global monthly active income of up to 730 million, which is also a major advantage of Huawei's payment.
03
Not "three points of the world"!
Huawei's next big game?
As above, when Huawei enters the payment field, does it really want to "divide the world" with Alipay and WeChat Pay?
In this regard, market analysts said that it may not be so simple, it may be more to form its own industrial closed loop, improve the user experience, and Ren Zhengfei may still be in the next big game
For example, just last year, Huawei said that it hopes to provide consumers with richer digital life services through the acquisition of payment licenses, and create a safer and more convenient all-scenario intelligent experience for consumers.
Recently, Huawei held the inaugural meeting of the second batch of legions in area K of Huawei Bantian Base in Shenzhen, including: power digital "legion", government affairs network "legion", airport and rail "legion", interactive media "legion", sports health "legion", display new core "legion", park "legion", wide area network "legion", data center base "legion" and digital site "legion". [For details, please refer to our previous article "Huawei Has Established Ten More "Legions"! 》】
This also highlights that Huawei is accelerating the layout and improving its own set of ecosystems!
In addition, for Huawei, in addition to competing for the existing payment market, Huawei Payment, like Alipay and WeChat, may also want to reach a channel with the digital yuan and prepare for the future in advance.
In short, paying for this move is not simple, and Huawei is more like taking a big game.
What do you think about that? Do you think Huawei Pay can break the monopoly pattern of Alipay and WeChat? Will you pay with Huawei?
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