OnePlus is apparently working on bringing its own digital payment service to India. The company has recently trademarked OnePlus Pay, which will likely rival other online wallet services like Google Pay and PayTM in the region.
OnePlus files the trademark for OnePlus Pay in India.#OnePlus #OnePlusPay pic.twitter.com/nzU1U9ipAH
— Mukul Sharma (@stufflistings) April 5, 2021
The trademark registration was found by Mukul Sharma (@stufflistings) and he shared the news on Twitter. As per the tweet, the Chinese tech giant is planning on soon launching it is in house payment platform in the country, although, it is still unknown when exactly the service will be available. The company had first announced that it was working on a payment service back in 2019 in China. This service works with the pre loaded wallet app, and users would have to set the OnePlus Pay as the default NFC based app.
To use the NFC based system, users can double press the power button to quickly access the digital wallet, which can be linked to the users’ debit cards. In India, the company is likely aiming to partner with Indian banks or international payment gateways like Mastercard or Visa that are widely popular in the region. Similarly, it might also choose to bring support for RuPay credit and debit cards as well for its Indian customers.
OnePlus Pay would also have the company join the list of smartphone manufacturers that have announced their own mobile payment services. Furthermore, the company would also face competition from third party payment apps like Google Pay and PayTM that are based around the UPI system in India. Unfortunately, finer details are unknown regarding the digital wallet, so stay tuned for more updates.
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