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    Xinhua News Agency

    News about Xinhua News Agency.

    Chinese mobile payments rise for Lunar New Year

    February 8th, 2017

    The volume of payments made by Chinese consumers during the 2017 Lunar New Year holiday using their smartphones and China UnionPay’s contactless payment service “increased nearly 21-fold, year on year,” news agency Xinhua reports. “Password-free payment under 300 yuan (US$44) surged a whopping 165-fold compared to the same period last year,” it adds.

    Xiaomi to launch Xiaomi Pay in China

    April 25th, 2016

    Chinese smartphone maker Xiaomi is to launch an NFC based Xiaomi Pay mobile payment service in partnership with China UnionPay. “The two parties will design a mobile payment product for Xiaomi’s smartphones,” Xinhua News Agency reports, adding that the companies have yet to specify a timetable. The announcement follows the unveiling of handset maker Huawei’s Huawei Pay NFC service that is also set to launch in China.

    Chinese unveil face recognition ATM

    June 2nd, 2015

    Researchers at China’s Tsinghua University and technology company Tzekwan have unveiled an ATM with inbuilt facial recognition features. “The ATM camera captures facial images and compares them with the ID photos of users for verification,” Xinhua News Agency reports. “The machine will be able to identify the cardholders if their facial features have changed and avoid thieves who attempt to trick the machine.”