Xiaomi has launched its own mobile payment service Pay Mi

This spring, the head of the company Lei Jun (Lei Jun) confirmed rumors that they are working on their own mobile payments service, which was launched in China this week.


Now the residents of China’s offer to use the service Xiaomi Mi Pay, which amounted to the company previously launched Android Pay, and Samsung Pay and Apple Pay. Recall, this technology allows you to keep your credit card on your smartphone, and then make payment for goods or services even without having a credit card. To make a payment, you must bring the smartphone equipped with NFC module, to the terminal.


At the moment, the service Xiaomi Mi-Pay supports the following banks: China Construction Bank, Bank of Communications, China Merchants Bank, Huaxia Bank, Minsheng Bank, Ping An Bank and Industrial Bank. In September the list will be joined by Bank of China, Industrial and Commercial Bank, China Everbright Bank, Beijing Bank and Guangdong Development Bank.



The NFC module is present in the smartphone Xiaomi Mi 5, as it is expected in the new phablet Xiaomi Mi Note 2.

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