Chinese smartphone maker OnePlus is ready to foray into digital payments landscape, along the lines of Samsung, Google and Apple. The company during the launch of its latest smartphone and smart TV said that it will also launch OnePlus Pay, a digital payments service.
Szymon Kopeć, the head of the Software Product Growth division at OnePlus said, “There’s a very fantastic product we’ve been working on for a little over a year now. I couldn’t be more excited to tell you guys that starting sometime next year, you will no longer need your physical wallet as we are announcing OnePlus Pay.”
The company hasn’t divulged many details about these plans but Kopeć said that the company will bring something that the Indian market has not seen so far in the digital payments sector.
With a debut set for 2020, there’s some speculation about OnePlus Pay being an alternative to Google Pay and other UPI-based services, but Kopeć saying that users won’t need a physical wallet could also mean a cards-plus-wallet service with tokenization.
Further amping its game against Samsung, Google and Apple, OnePlus Pay is another addition to the increasingly competitive payments landscape. But OnePlus is also entering the cloud storage business with OnePlus Cloud for users of OnePlus devices.
The service will be available for OnePlus 7T users and will reach the OnePlus 7 series with the Android 10 update. OnePlus Cloud will require users to login with their OnePlus Account ID and access online storage on OnePlus servers.