From high costs to long distances, traditional banking is out of the reach of 1.7 billion adults across the globe, barring them from access to any formal financial services. But this unbanked population can be reached through mobile communications technology and digital payment platforms, effectively bridging the divide to provide easy access to affordable, reliable financial services through phones and other digital interfaces. This is the promise of full financial inclusion brought to life.
Working with a full suite of global partners, Huawei is committed to enabling such inclusion, bringing digital financial services to every person and organization — ultimately for a better life. The Huawei FinTech Solution — shorthand, of course, for Financial Technology — offers equal, effective, comprehensive, and convenient digital financial products and services to all people, especially those surviving on low-incomes in urban, rural, and remote areas not covered by existing, legacy financial systems. The solution is also geared toward empowering Micro-, Small-, and Medium-sized Enterprises (MSMEs) with digital technologies.
Serving the Unbanked, Fighting Poverty
Today, Huawei FinTech provides inclusive digital financial services to 300 million unbanked people worldwide. Huawei FinTech is also the foundation for the development of a range of partnerships with Non-Government Organizations (NGOs) and financial institutions, with the aim of alleviating — then eliminating — poverty.
Annual Transaction Value
Huawei Platform for Financial Inclusion
A one-stop easy-access platform that enables mobile money operators, financial service partners,
and ecosystem partners to better serve individual customers and MSMEs, all at lower cost.
Huawei provides developer platform and Marketplace services to pre-integrate applications in the transportation, retail, catering, and education industries.
Huawei helps banks build customer journey channels, including customer and merchant apps, delivering the rich experiences customers want.
Open APIs, digital channel app integration, and Hypertext Markup Language (HTML) service orchestration allow banks and partners to explore new services and quickly integrate diverse ecosystem capabilities.
Risk control, credit rating, precision marketing, and operations data analytics capabilities are offered based on big data and historical transaction data.
Trusted IT Infrastructure:
Security assurance mechanisms are available for applications, system platforms, networks, data, and security management.
Huawei also offers consulting services for FinTech solutions.