PR Newswire
25 Jul 2022, 13:43 GMT+10
SINGAPORE, July 25, 2022 /PRNewswire/ -- During Huawei Intelligent Finance Summit 2022, Huawei and Murong jointly release the Mobile Payment and Micro Finance Solution. This solution reflects the leading technologies innovation for inclusive finance which makes inclusion possible to meet the opportunities and challenges of Financial Industry.
Digital transformation and innovation are developing rapidly. The opportunities and challenges coexist in the post-pandemic era, like cashless, cardless, contactless, etc. The number of mobile wallet users has grown rapidly. Mobile Payment market scale expect to increase to 1.3 Billon by 2023, surpassing credit cards and cash with rapid adoption. The FinTech investments and innovation are increasing year by year.
In one word, the requirement to Mobile Finance and Micro Finance is becoming necessary to the people and connecting the diversified lifestyle.
Huawei and MuRong released this joint solution for Mobile Payment and Micro Finance to help banks to build a "1+4+7" end-to-end solution.
"1" means a Cloud-Native platform, which is provided by Huawei,
"4" demonstrates the 4 types of financial applications, which are Micro Saving, Micro Loan, Mobile Payment and Digital Marketing. These applications are operated on the MuRong Inclusive finance service platform,
"7" includes specific products, which are SuperAPP, Micro Saving, Micro Loan, Open Banking, Digital Payment, Digital Marketing and Digital Operating.
Besides, "N" likewise, banks can provide N kinds of financial scenarios, connect end users, and help merchants Acquiring customers, greatly enhancing the bank's attractiveness to merchants.
It indicates that through this solution, Commercial bank, Payment Institution, Telecom Operator and Fintech Company can be connecting and jointly innovating to benefit each other accordingly.
Global Senior Consultant of MuRong Technology Solution Center, Han Yidong said, "MuRong is the global leading provider of digital financial IT solutions, we have cooperated with Huawei to integrate digital technology innovation to explore the markets of inclusive finance."
"Looking back the journey of cooperation between Huawei and Murong, the concrete achievements have already been reached. Furthermore, the joint innovative solutions also is in progress, expecting more cooperation with MuRong to create new value together for our customer." said Song Danping, President of Global Ecosystem CooperationHuawei Global Digital Finance.
Looking ahead, Huawei will continue to incubate the more finance solutions, by using innovative technologies and cooperating with partners, to accelerate more joint solutions for global financial customers to move towards Shaping Smarter and Greener Finance.
SOURCE Huawei
Get a daily dose of Asia Bulletin news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Bulletin.
More InformationCULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...
WASHINGTON, D.C.: President Donald Trump claimed he was unaware that the term shylock is regarded as antisemitic when he used it in...
PARIS, France: A strike by French air traffic controllers demanding improved working conditions caused significant disruptions during...
OMAHA, Nebraska: With Congress considering cuts totaling around US$1 trillion to Medicaid over the next decade, concerns are rising...
ROME, Italy: Quick thinking by emergency responders helped prevent greater devastation after a gas station explosion in southeastern...
WASHINGTON, D.C.: President Donald Trump is drawing praise from his core supporters after halting key arms shipments to Ukraine, a...
NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
NEW YORK, New York - Monday's trading session saw mixed performances across U.S. and global markets, with several major indices posting...
WASHINGTON, D.C.: The U.S. government has granted GE Aerospace permission to resume jet engine shipments to China's COMAC, a person...
DUBAI, U.A.E.: Saudi Aramco is exploring asset sales as part of a broader push to unlock capital, with gas-fired power plants among...
MILAN, Italy: Italian regulators have flagged four non-EU countries—including Russia—as carrying systemic financial risk for domestic...