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Huawei launches new Cloud solution to boost digital payments
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IANS | 06 Aug, 2020
Chinese tech giant Huawei on
Thursday launched a Cloud solution designed to help digital payment
service operators quickly build super app-centred payment ecosystems.
With
an open ecosystem, the solution provides API (application programming
interface) and other technologies that enable partners to launch the
service on super app within one week.
"We all know that the key
to success in the mobile payment business relies on the ecosystem. Super
app is a critical platform and engagement point for ecosystem partners
and provides an efficient merchant marketplace," Ryan Wu, Director of
Huawei Software Marketing and Solution Sales Department, said in a
statement.
"Huawei's digital payment Cloud is designed to provide
a payment platform and super app that helps mobile payment operators
build an ecosystem quickly and efficiently."
Huawei said that
with the digital architecture of its solution, both user and transaction
data can be opened in real time, ensuring real-time query experience
for users and merchants.
In addition, real-time risk control can
be built based on Artificial Intelligence (AI) analysis capabilities to
identify fake transactions and avoid cash-out risks.
With a Cloud
native platform, the solution supports container/micro-service,
auto-scaling, grayscale release, and enables software updates in days,
the company said.
Huawei announced the solution at its Better
World Summit 2020 with an aim to help accelerate digital financial
inclusion in emerging markets.
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