Huawei teams up with China UnionPay to roll out NFC mobile payments

Handset maker Huawei has partnered with bank card association China UnionPay for the roll out of Huawei Pay, an NFC-based mobile payment service that makes use of tokenization technology and is expected to be available on a wide range of Huawei handsets. The deal means that China UnionPay cardholders will be able to store their cards on their mobile device and pay with their Huawei handset at any contactless terminal, Sina reports.