Huawei AppGallery will bring new financial services and better privacy protection

Huawei AppGallery will continue to innovate financial services and will let the user feel at ease and secure. The company experts are gearing up with recently launched HMS Core Kits to further explore this field.

According to the company, Huawei AppGallery, and partners announce to develop more financial services by exploring the open banking fields. The company believes, the open banking sector has the potential to bring a more comprehensive user experience to the users.

At the Huawei Developer Conference 2021, the executive officially announced to initiate their research and work in this sector. In addition, users’ safety and privacy will remain the top concern of the company. Regarding this matter, the respected authorities also assured the partners, consumers, as well as co-mates.

“We are delighted to share our plans for Huawei AppGallery in the financial services space with our partners, colleagues and friends.”

– said Siri G. Borsum, Huawei Executive

Let’s check further, what the statics and analysis reports say-

Open Banking and Finacial Health: 

Despite the 560 million AppGallery users, the payment-based apps have a wide range of categories, services, and payment methods. Still, the company is making continuous development and shred some implement examples about Huawei AppGallery as well as Open Banking capabilities.

Take Noffe which is a general habit educational app in Norway as an example. Working with AppGallery’s guidance, this application uses open banking capabilities. In addition, Blue code a mobile payment solution in Europe offers quicker and convenient payment methods with the help of QR codes.

However, considering financial health, the services are not only faster but have a safer experience too. Thus, global as well as native consumers, have installed them in millions of numbers.

Further in this line, about 45% of users switch towards banking and payment apps for their smallest transitions. Thereby, the experts concluded this sector has the capability to comply change the foundation of financial services. It can be understood, Why Huawei AppGallery wants to empower financial services.

Huawei Commits to Protect User Privacy

Alongside developing financial services for AppGallery, Huawei starts enhancing its security standards to protect users’ data privacy. Its full-cycle security and protection system follows the developer’s real-name verification process that includes

• A four-step review process
• Additional download
• Installation protection
• Prevention mechanism

The combined integration of these technologies ensures top-level protection for users of the latest banking and payment apps on AppGallery. Additionally, the application also follows a fully encrypted end-to-end channel to block further disturbance.

Moving ahead, Huawei has also established its local data storage centers across different local markets across the globe. It suggests, all data and information remain limited to the region where it belongs to. The basic security kits and local authentication kits provide data leakages and facial recognition capabilities respectively.

Moreover, the Chinese tech giant committed for being more financial services to the Huawei AppGallery while keeping privacy as the main concern. More opportunities and conveniences are waiting for both developers and users in the near time.