Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens for the delivery of clues about the past. CTOnews.com November 17 news, Aiqi check shows that recently, the former Shenzhen Xunlian Zhifu Network Co., Ltd. has undergone industrial and commercial changes, and the enterprise name has been changed to Petal payment (Shenzhen) Co., Ltd.

In March 2021, Shenzhen Xunlian Zhifu Network Co., Ltd. changed its industry and commerce, and Huawei became the sole shareholder, which means Huawei has successfully become another mobile phone manufacturer to acquire payment licenses after Xiaomi.

As previously reported by CTOnews.com, the people's Bank of China updated the license information for major changes in non-bank payment institutions on October 13, allowing Shenzhen Xunlian Zhifu Network Co., Ltd. to change its name to "Petal payment (Shenzhen) Co., Ltd.".

The company was established in June 2013, the legal representative is Zheng Liying, with a registered capital of 200 million yuan, and its business scope includes technical development and technical consulting services for electronic payment, payment settlement and clearing systems, Internet payment, mobile phone payment, digital TV payment, etc., which are wholly owned by Huawei Technology Co., Ltd.

According to Science and Technology Innovation Board Daily, Huawei responded that changing its name is not a big deal. In essence, Huawei has accelerated the construction of Hongmeng's ecological infrastructure, and the newly upgraded negative one screen will also fully support Huawei pay. "this is an important step in promoting Hongmeng Yuan service. Now big partners such as Didi, Meituan, Maoyan and Tongcheng are all stationed in negative one screen in the form of meta service."

According to reports, Huawei's positioning of payment is not only mobile payment, but also the full scene payment platform. As the underlying infrastructure of Hongmeng Ecology, Huawei payment will be deeply integrated with Hongmeng system, and Huawei developers and partners can directly complete the commercial closed loop in Hongmeng Ecology. payment operations on a variety of Huawei terminal devices can be transferred to mobile phones, enabling users to complete payments conveniently and safely.

It is worth mentioning that Xunlian Zhifu, which was first funded by ZTE Software Co., Ltd., obtained the "payment Business license" of the people's Bank of China in 2014 and was allowed to carry out Internet payment, mobile phone payment, digital TV payment and other businesses. however, it later took the initiative to terminate the "digital TV payment" business.

In January 2018, ZTE Software completely withdrew from the ranks of shareholders of Xunlian Zhifu, which has been wholly owned by Shanghai Vorio and the payment institution of CSC since then until it was acquired by Huawei.

In October 2020, Huawei Technology Co., Ltd. applied for the "petal payment" trademark, involving financial property management, scientific instruments and other categories. According to reports, petal payment coverage includes real estate management; debit card payment processing; insurance information; electronic money transfer; online banking; credit card payment processing; currency exchange; electronic wallet payment services; capital investment; through the use of membership cards to provide discounts to others in participating institutions.

In the first half of 2022, Huawei pay was officially launched, covering Huawei Music, Huawei Video, Huawei Reader, Mango TV, Youdao cloud notes, PP Video and other Huawei applications and some third-party applications.

In July 2022, Ma Chuanyong, president of Huawei Terminal Cloud Services payments BU, revealed that Huawei Wallet had more than 100 million monthly active users. Ma Chuanyong also said that Huawei pay is not only a mobile payment, but also an innovative full-scene payment platform.

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