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Huawei Buys Digital Payments License, Joining Rush to Challenge Alipay and WeChat

2021年03月29日 20:02 来源于 财新网
New payment license frees the giant telecommunications-gear maker to offer more flexible services to Chinese users than its older smartphone-based system
Huawei obtained a coveted Chinese nonbanking payment license by acquiring an existing license holder, a common maneuver in the country. Photo: VCG

Huawei Technologies Co. Ltd. has obtained a coveted Chinese nonbanking payment license, giving the embattled tech giant a foothold in a fintech sector dominated by Tencent and Ant Group as those firms grapple with regulators.

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