In the past, some of Huawei‘s products have appeared to be… heavily inspired by products from Apple. The MatePad Pro is an obvious example of this, with a similar magnetic charging mechanism for Huawei’s “M-Pencil”, while the company’s MateBook share certain design elements as Apple’s popular Macbook laptops. At the China launch for the P40 series, Huawei CEO Richard Yu announced the “Huawei Card”, which is essentially the Chinese company’s answer to the Apple Card.
Details are pretty scarce at the moment, but we do know that the Huawei Card will have physical and virtual versions, while data for the card will be stored in the same way as mobile payment data in Huawei’s smartphones. Additionally, the card supports NFC for contactless payments, with UnionPay backing the card.
Huawei’s credit card is also tied to Huawei Pay—just like the Apple Card is tied to Apple Pay. Unlike Apple’s credit card, however, Huawei’s card will have annual fees, although the company promises that the first such payment will be waived.
To further drive signups, card users who make a required amount of transactions will have the annual fee for the 2nd year waived, too. That’s in addition to various cashback offers and in-app promos for payments made with the card.
While Huawei has faced allegations over security and privacy concerns from some quarters, the company says that the same security protocols that are used in the company’s mobile devices will be extended to the Huawei Card and Huawei Pay.
That said, we aren’t sure when Huawei’s new credit card will reach the market. For some context, the Apple Card is not supported in Malaysia yet, with a full list of countries listed here. Huawei is probably going to start operations for its credit card in China first—and if things go well, we might see a wider release.