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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The post OnePlus Pay Trademarked in India, likely to rival Google Pay and PayTM appeared first on Gizmochina.

A few weeks back, Apple launched its Apple Pay mobile payment service in China, which is one of its important markets outside of US. Now, joining the club, Huawei has announced its own mobile payment service in China called as the Huawei Pay. At an event today, Bank of China and Huawei signed an official cooperation agreement for the same.

This news is not really surprising, given that, after Apple Pay was launched in the country, there was a new report that said that most Chinese manufacturers like Xiaomi, Huawei, ZTE etc were planning to release a payment service of their own. So, it looks like Huawei will be the first one to release such a service this year. The company could soon be followed by other smartphone makers in the country.

It actually makes sense for the company to release a mobile payment service like Huawei Pay in China. The company is doing well in the smartphone market, selling over 109 million units last year alone. This year, the company plans to sell even more devices, with a major focus outside of China. Despite the increased focus internationally, Huawei sold around 58% of smartphones in China alone. Also, considering the growing number of users who rely on their smartphones for payments, this is actually a great move for consumers as it will make paying for goods and services easier than before.

However, at this point, Huawei is yet to reveal any specific details about the Huawei Pay service. Bank of China currently seems to be the only partner, but we can expect more tie-ups soon.

The post Huawei Pay Announced In China, Will Take On Similar Services From Apple & Samsung appeared first on Gizmochina.