Phone
point-of-sale, photonic and Digital TV payment solutions launched by ZTE at
GITEX exhibition in Dubai
14 October 2014, Dubai,
UAE – ZTE Corporation
(“ZTE”) (H share stock code: 0763. HK/A share stock code: 000063.SZ), a
publicly-listed global provider of telecommunications equipment, network
solutions and mobile devices, has launched a range of innovative payment
solutions including phone POS (point of sale), photonic and DTV
(Digital TV) payment products at the GITEX exhibition in Dubai.
With an NFC
(near field communication) capable smartphone, users can install the phone POS app
to enable the smartphone function as a POS payment device.
Businesses and individuals can then more easily manage a vast
range of transactions including transferring money, checking account balances,
paying off credit cards, topping up mobile phones and paying
bills.
This
functionality gives complete freedom to users, allowing them to complete
transactions
whenever and wherever they want, as well as allowing businesses to save on
operating expenses by receiving immediate payment.
ZTE’s photonic payment solution can be
downloaded as an app which is then linked to the
user’s
bank account. Shoppers
can complete payments with the click of a button as the app uses the
smartphone’s flash light to communicate with the seller’s photonic receiving
device to complete the payment in a way that is more secure than,
for example, contactless card transactions.
ZTE’s
Digital TV solution enables viewers to purchase products with the click
of a button using a
smartphone. The system enables a wide range of
payment opportunities including paying public utility bills and topping up smartphone accounts.
The integration of
the smartphone, PC and television into one solution provides a faster and more convenient trading platform for
both consumers and businesses. With ZTE’s innovative payment technologies,
smartphones can now function as POS payment devices and telecom operators and
service providers can establish more partnerships with radio and television
operators, and with online businesses.
This will accelerate the development of the payment services
industry, and create new models for the e-commerce and DTV sectors, eventually
changing the way people make most of their
transactions.
Mr Shi Lirong, President of ZTE, said: “In the future, ZTE is aiming to lead the way in the payment industry by adapting
to suit the needs of its customers. Our aim is to
always
pursue technologies that reduce environmental impact and provide top-quality user experiences.”
The Chinese Central Bank recently issued third-party licenses to ZTE for
Internet payment, mobile payment and Digital TV payment
solutions. ZTE is the only enterprise that has been granted these three licenses
simultaneously in China.
Visitors
to the
ZTE booth at GITEX will be able to test the company’s
payment solutions
in a
variety of
scenarios, from personal shopping to enterprise-usage, and experience these
innovative, efficient and convenient payment
systems.
ZTE aims to continue
its open and cooperative approach to the development of new
technologies and solutions, and to attract more partners from across the
full range of industries. Photonic payment is an example of
successful cooperation
with a partner from a separate industry, as the ZTE solution was developed in
partnership with photonic payment solutions market leader Kuang-Chi
Innovative Technology Ltd.
The new ZTE payment technologies have been planned,
incubated and developed in ZTE’s CGO (Cool, Green, and Open) R&D laboratory
which focusses on innovative mobile technologies that can change the way people
live.
