Huawei expands NFC mobile payments to Hong Kong

Despite the potentially debilitating impact of the US embargo on its operations, Huawei Technologies has continued to develop new products as part of efforts to maintain its growth momentum globally. The Chinese telecoms equipment maker has launched its own mobile payment service in Hong Kong, and is set to release its first smart display, a product that will allow the company to step into users’ homes. Both initiatives show that Huawei is seeking to diversify its business model from just selling hardware to customers and telecom operators to providing services that will generate recurrent revenue for the company. This is quite similar to what rivals such as Apple and Samsung Electronics have been doing.