Huawei to promote Huawei Pay globally with UnionPay partnership
Huawei has announced that it has signed a cooperation agreement with Chinese financial services company UnionPay International to accelerate the global promotion of its mobile payment platform.
The Chinese multinational telecommunications company is one of many firms who are looking to expand their mobile payment service offerings, with the market expected to grow significantly in the coming years.
Huawei Pay is China's first ever security chip-based mobile payment service, currently supported by over 66 banks and compatible with 20 different mobile devices including handsets, smart watches and alike.
"This cooperation with Huawei is of great significance. Firstly, with this agreement, the two sides realise cooperation on a global scale, and issuers outside mainland China are able to launch Huawei Pay PAYG once connected to UnionPay Mobile Service Platform, which greatly saves time and economic costs," Huawei said.
"Secondly, UnionPay innovative products become an important propeller to the business localisation of the two parties, and it supports the payment upgrade of more countries and regions. Thirdly, the cooperation between the two giants will jointly enhance the global influence of China’s independent mobile payment apps."
Russia will become the first overseas market to have Huawei Pay made available, with approximately 85% of POS terminals and ATMs in Russia accepting Union Pay bank cards.
Last year, $631.8mn worth of payments were made using Huawei Pay.
Microsoft Power BI: Enabling data culture through innovation
Businesses using Microsoft’s cloud services may be familiar with Power BI – a business analytics service that aims to provide interactive visualizations and business intelligence capabilities with a simple experience helping end users create their own reports and dashboards. Power BI is part of the Power Platform which is a set of low-code tools consisting of business intelligence, app development, bot development and process automation applications. In a world where everything is constantly changing, the Power Platform enables subject matter experts to keep up with business needs.
Today, data comes not just from transactional systems of record, but from the real world – whether it is the devices people use, to everyday human interaction. Power BI’s mission is to make access to data paramount to every business operation through its solutions and empowers individuals, teams and organizations to drive a data culture. This sentiment is further established by Arun Ulagarathchagan, Corporate Vice President of the Power BI team, adding “Our vision here in the Power BI team is to help you drive a data culture where everyone can make every decision with data.” So what can organisations expect to see next in the pipeline? Microsoft is bringing performance management to Power BI for the first time. Organisations strive to achieve certain goals, and today, goals are largely data-driven. Power BI helps make those goals more accessible and personalized in existing workflows. This means that since many teams’ data, analytics and business logic is already reported in Power BI, they can now instantly connect it to their personal/department goals. It is also worth noting that Goals is natively integrated into the Microsoft Teams experience. The goals algorithm is also AI powered, so organisations can better understand how they’re doing and where are the opportunities for improvement. Finally, Microsoft is working towards integrating it with Power Automate, so organisations can define business processes that get automatically triggered as the goals change status. Goals will soon be available as a mobile experience too, so teams can stay up to date and take action in real-time. On that note, another major announcement from Microsoft features real-time analytics. Today, data is captured from everywhere and synthesizing it in real-time allows for maximum impact. Power BI has been a pioneer in real time analytics from the start with a simple vision – that the distinctions between batch, real time, and streaming data today will disappear over time. Power BI will launch Streaming Data Flows soon, allowing every business a simple low-code way to work with real-time data.
Amir Netz, CTO Power BI concludes “Our vision is to empower everyone in the world with data, and not just the people sitting in offices, but people who are working in the real world, people who are moving things, creating things, producing things with their hands. And for this, we have to think again about how we deliver data to help them make better decision