With the Samsung [microblogging] mobile payment system (Samsung Pay) equipped with Near Field Communication (NFC) payment technology, which has been promoted globally, mobile payment has become a key point for mobile phone manufacturers to compete. Xu Jinyao, chief engineer of China UnionPay Products Department, said at the Shenzhen International Financial Mobile Payment Forum that UnionPay will further cooperate with the industry chain and cooperate with operators and mobile phone manufacturers. In the future, NFC will become the standard for mid- to high-end mobile phones.
In May 2014, China UnionPay announced the joint efforts of all parties in the industry chain to promote the development of the NFC mobile payment industry. Xu Jinyao said that the current mobile payment acceptance environment has been further improved. According to reports, as of the first half of this year, there were 13.233 million domestic pos terminals, of which the number of UnionPay "flash payment" pos terminals supporting NFC payments has exceeded 5 million. This year is expected to exceed 7 million units. In addition, UnionPay has partnered with three major telecom operators and major mobile phone manufacturers such as Huawei and Samsung to expand NFC's innovative applications in wearable products and non-payment environments.
"In 2008, there were only one or two NFC-enabled mobile phones, and they belonged to niche products." Xu Jinyao said that the current popularity of NFC mobile phones is still quite fast. The addition of mobile phone giants such as Samsung and Apple will further promote the NFC payment market. Recently, Samsung officially launched Samsung Pay, a mobile payment system, and supports NFC and MST (Magnetic Security Transmission Technology). It is pre-installed on the new Galaxy S6 Edge+ and Galaxy Note 5, and plans to land in the US, UK, Spain and China. Last year, Apple introduced Apple Pay, which operates through built-in NFC and Touch ID.
Wang Yanhui, secretary-general of the China Mobile Alliance, told the Securities Times that with the influence of Apple, the outbreak of NFC mobile phones depends on when Apple Pay enters China. According to reports, from the payment technology, Apple Pay can already dock with the domestic payment system, but the key is still the result of business negotiations between Apple and state-owned banks. In addition, payment methods such as Alipay [Weibo] and WeChat payment have a dominant position in China. Even if Apple Pay enters the Chinese market, it remains to be seen whether NFC can grow smoothly.
Xu Jinyao pointed out that the two-dimensional code payment account led by Internet companies belongs to the closed-loop state, and the NFC payment account belongs to the semi-open system. It needs to build security protection from the whole system such as IC chip and POS machine. The two-dimensional code payment in the closed-loop state is difficult to meet its requirements. Security requirements.
The capital market has also been paying attention to NFC promotion. Taking Sunlord Electronics, which produces NFC antennas, as an example, the company’s investor relations record since August shows that NFC sales have been repeatedly asked. The company said that it has mastered the core technology of NFC antennas and has achieved mass production shipments. Also optimistic about the development prospects of NFC. However, the company's semi-annual report shows that the overall development speed of the NFC market is lower than expected, and progress is expected in the second half of the year.
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