Saturday, July 02, 2016

Mi Wallet coming to Xiaomi Phones soon

Apple introduced  Apple Play in back in 2014 after that Samsung introduced Samsung Pay  their own transaction system using their devices.Recently Huawei launches Huawei Pay its own mobile payment technology Back in April we reported that Xiaomi is currently working with banks to implement China UnionPay to MIUI . Now MIUI has officially confirmed Xiaomi wallet is coming to Xiaomi Phones.

Now Xiaomi one of leading smartphones maker from china  to introduce it’s own solution, the Xiaomi Pay. In association with China UnionPay, the third largest payment network behind Visa and Mastercard, Xiaomi will bring mobile payments using NFC to its devices witch lead us to believe that the upcoming Xiaomi Max will feature NFC and fingerprint sensor.

China UnionPay has launched Cloud Flash Pay service, that enables a smartphone user to pay using NFC and the mobile app of his bank by just putting it close to the POS. It seems that this time, the cooperation will be tighter.

In December 2013 he incorporated the Beijing millet payment technology Co., Ltd. registered capital of 50 million yuan. It is reported that millet wallet will support the staging of shopping, personal credit information, financial products and third-party payment.

Recently, MIUI team, said fingerprint payment is determined on the line in years. By then, millet phone with a fingerprint, a key will be able to pay by fingerprint, and I believe this feature is certainly not limited to Alipay, micro-channel, millet own pay is the ultimate goal.

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