SHENZHEN, China and EINDHOVEN, Netherlands, Dec. 19, 2016 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ:NXPI) and Huawei, one of the world’s most popular manufacturers of smartphones, today announced they will extend their strategic collaboration that will result in more secure and convenient mobile payment experiences for public transit systems in Shanghai City, Shenzhen, Guangzhou, and Beijing.
According to Huawei, mobile transit is a convenient feature with a growing demand by smartphone users. Huawei Honor smartphones are designed to combine security and connectivity to fit the growing digital lifestyle and mobile transit fits naturally into this dynamic evolution of convenience, security and simplicity in smartphones. Together with NXP, Huawei is happy and proud to deliver these capabilities to our users.
This collaboration enables consumers to securely preload the fare into their Huawei Honor 8 or Honor V8 phone. Using Huawei Pay, consumers tap the phone to a reader to use the fare for boarding, ‘top-up’ their account and more. Users will also benefit from NXP’s proven secure mobile transit solution which features Near Field Communications (NFC) and embedded Secure Element (eSE) in the same module combined with NXP’s ecosystem of experts and partnerships.
“Security and convenience are fundamental principles for NXP that guide how we operate as a company, giving our customers greater opportunities to deliver smart and connected solutions into the market,” said Rafael Sotomayor, senior vice president and general manager of the mobile business line at NXP. “Delivering mobile transit services to Shenzhen, Guangzhou, and Beijing on top of Shanghai is a significant milestone. It builds on the two companies’ history of bringing innovation to our customers and extends NXP’s position as a leading provider of mobile transit solutions.”
Together, Huawei and NXP have the expertise, solutions and technologies to deliver mobile transit experiences and meet the burgeoning growth of contactless payment in China. According to an ABI Research report, in only a year from now, more than 80 percent of all POS terminals would will allow contactless payment. Additionally tap-and-go functionality is now present in more than 350 smartphone models worldwide with a majority of them available in China. As China continues to urbanize over the next decade, the market for smart payment technology in urban transit systems is expected to rapidly increase.
About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ:NXPI) enables secure connections and infrastructure for a smarter world, advancing solutions that make lives easier, better and safer. As the world leader in secure connectivity solutions for embedded applications, NXP is driving innovation in the secure connected vehicle, end-to-end security & privacy and smart connected solutions markets. Built on more than 60 years of combined experience and expertise, the company has 44,000 employees in more than 35 countries and posted revenue of $6.1 billion in 2015. Find out more at www.nxp.com.
About Honor
Honor is a leading smartphone e-brand under Huawei group. In line with its slogan, "for the brave," the brand was created to meet the needs of millennials through internet-optimized products that offer superior user experiences, inspire action, foster creativity and empower the young to achieve their dreams. In doing this, Honor has set itself apart by showcasing its own bravery to do things differently and to take the steps needed to usher in the latest technologies and innovations for its customers.
For more information, visit http://www.hihonor.com/us/ or any of the following social media sites:
https://www.facebook.com/USAhonor
https://www.instagram.com/HonorUSA
https://twitter.com/Honor_USA
https://plus.google.com/HonorUSA
About Huawei Pay
Huawei Pay is the first security chip-based mobile payment solution in China. It was launched by the Huawei Consumer Business Group and utilizes fingerprints and secure chip technologies to ensure secure transactions to provide an all-terminal NFC solution. Huawei Pay is the first mobile payment tool in China with both banking and public transit functions. It enables top-up payment capabilities for virtual public transit card in mobile phones, and opens new possibilities for offline payments while ensuring security for all users.
About Huawei Consumer Business Group
With 16 R&D centers in countries that include Germany, Sweden, the US, France, Italy, Russia, India, and China, Huawei’s products and services extend to over 170 countries, serving one third of the world’s population. In 2014, Huawei’s smartphone global shipment ranked third in the world. As one of Huawei’s three business groups, Huawei Consumer BG offers mobile phones, mobile broadband (MBB) devices and home devices. With more than 20 years of rich expertise in the information and communications technology (ICT) sector, an extensive global network, vast global business operations and network of partners, Huawei Consumer BG is dedicated to bringing the latest technology to consumers, offering a world of possibilities, creating extraordinary experiences and realizing dreams for people everywhere. For more information, visit Huawei Consumer BG online: consumer.huawei.com/us or www.GetHuawei.com.
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