Huawei 5G passes industry approval tests: Chinese tech has approved official security standards - Huawei'S 5G has gained industry approval.

And who certifies the security of its network is the largest association of mobile operators and telecom companies, the GSMA —the organization that is in charge of the Mobile World Congress (MWC), with some 750 partners worldwide—.

Huawei has obtained approval of the network equipment security guarantee scheme (NESAS), as the relevant GSMA validation is called, as announced by the Chinese company.

Other competitors, such as Nokia, Ericsson or ZTE have passed the same test, which is voluntary. Companies submit to industry assessment for a neutral agent to audit the security of their networks. And Huawei has been the last to join this list of approved, so the core of its network presents the appropriate guarantees.

"This [NESAS] scheme increases industry confidence in telecommunications network equipment," the firm said in a statement.

Huawei 5G passes industry approval tests

The company explains: "this is a voluntary scheme whereby network equipment suppliers subject their product development and life cycle processes to a comprehensive security audit based on the currently active NESAS version, and their security requirements."

To date, Huawei'S 5G has been the subject of doubts and accusations, especially, coming from the US. Donald Trump's administration questioned the security and privacy of its networks, claiming that the Chinese giant's infrastructure had " back doors." In other words, the company could access the communications that went through its equipment, use them and provide them to third parties, such as the government of its country, according to the version of senior US officials.

"Huawei believes that trust should be based on verifiable facts, which in turn should be based on shared standards, as it is an effective way to build trust in the digital age," Huawei now celebrates.

But that situation led other countries to freeze contracts with technology until such questions were resolved. In Spain, Telefónica announced that it would remove the company from the core of its network.

On the other hand, the UK has been one of the countries that has shown more opposition to Huawei'S 5G during this conflict, which has finally caused it not to count on the manufacturer for its future deployments.

The GSMA reviews 20 categories in its network equipment security assurance scheme.

End of Huawei 5G passes industry approval tests

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New normality imposes the norm of online shopping and makes digital payments grow against cash

The coronavirus pandemic has driven online shopping as the norm over physical ones and the growth of card payment ahead of cash, mainly because of the fear that the continuous exchange of banknotes and coins may transfer the virus from one hand to another.

According to the latest neobanco N26 study, the new normality has brought with it a V-shaped recovery driven mainly by the new (more) safe methods in the eyes of the population, compared to the months before the pandemic, the period of confinement and the different phases of de-scaling, in which they were not necessary.

The months of blockade have inevitably influenced and contributed to changing the buying and paying habits of the Spaniards, but many of these changes seem to persist despite the gradual return to normal. In fact, it seems that even with the reopening and relaxation of the measures, Spaniards, regardless of their age, continue to prefer safe payments and do not miss the opportunity to buy online, a habit consolidated during the period of confinement.

In this period, card payments have grown up to 25% compared to pre-alarm levels, while online commerce has increased its volume of purchases by more than 300% in the post-confinement period, compared to pre-pandemic dates.

The report from La padreta Al mobile: evolution of the banking ecosystem reveals that since the beginning of the measures of social distancing and confinement, the withdrawal of cash in ATMs has decreased by almost 70% in Spain. Even in Germany, where the measures were much less drastic, cash withdrawals fell more than 50% in the first weeks of this crisis.

In this sense, half of the Spanish customers assure N26 that in the next 5 years will disappear ATM and cash, while 70% believe that during these months has made more online banking than before the pandemic. In addition, Spaniards no longer want to go to the offices in person —and would stop doing so if the bank allowed it— and trust more in online banking, also in older groups.

"In April we saw these trends of digitalization of payments and the increasing use of electronic commerce, confident that the confinement would accelerate some processes and change habits that in a normal context would take years to reach certain segments of the population," says Francisco Sierra, general manager of N26 Spain. "What we see today is that not only have online payments and purchases entered everyday life in recent months, but they continue to be a fundamental component in everyone's life, regardless of their age."

According to the bank's data, activity in the use of Cards has recovered during the first weeks of July to pre-pandemic levels. In fact, these are the payments that have increased most after the de-escalation of the measures imposed during the quarantine, above 25%, indicating a change in trend especially among the youngest (+14%) and users between the ages of 25 and 34 (+26%).

But the clearest trend change is seen in online consumption. The new normal for many Spaniards goes through e-commerce even after the state of alarm, with a growth of more than 300% both among young people (326%) and over 55 years (320%).

"The fact that after the end of the confinement our customers, and in particular some age groups, continue to prefer digital forms of payment and online shopping, makes us understand that we are on the right track and that the future of banking is 100% mobile," summarizes Sierra.

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