Huawei has introduced its own credit card called the Huawei Card. Obviously, in this way the Chinese decided to answer Apple with its Apple Card, which is very popular in the United States. Despite the fact that so far there are not enough details about the Huawei card, we have collected everything that is known about it and share this information with you.
Huawei Card: almost the same as the Apple Card
Huawei Card will be released in both physical and virtual embodiment. The virtual version of the card can be released through the Huawei Pay application. The physical HuaweiCard, unlike the Apple Card, will support contactless payments. So you can pay for purchases even if your smartphone runs out.
It is not yet known which bank will issue the HuaweiCard. But it is known that Union Pay will be the payment system on the basis of which the card will operate.
The HuaweiCard, like the Apple Card, will be credit. So, not everyone will be able to issue it, but only adult users of Huawei smartphones with a good credit history.
Unlike Apple Card, the HuaweiCard will be paid. So far, the cost of annual maintenance has not been announced. But it is known that the first year will be free.
The HuaweiCard uses the same security protocols as Huawei Pay, in addition to classic security mechanisms like 3D Secure, etc.
Obviously, the HuaweiCard, despite the fact that it is, in fact, a copy of the Apple Card, is not aimed at competing with the Apple solution. Still, Huawei will not be able to entice Apple Card users to itself. It means that the Chinese pursued another goal, which consisted in the expansion of their influence. Thus, they, firstly, will have access to information about the payments of their customers. And secondly, thanks to the HuaweiCard, the Chinese will gain an advantage over Google. The American company does not have such a product.