Xiaomi will launch its own mobile payment service

Xiaomi will launch its own mobile payment service

CEO of Xiaomi, Lei Jun said the company is the largest seller of smartphones in China will develop near-field communication (NFC) for secure and convenient mobile payment services.

Chinese smartphone maker Xiaomi announced plans to collaborate with the National Association of China Unionpay bankcards to capture a larger share of the growing mobile payments market.

Xiaomi will launch its own mobile payment service

CEO of Xiaomi, Lei Jun said the company is the largest seller of smartphones in China will develop near-field communication (NFC) for secure and convenient mobile payment services.

Xiaomi and Unionpay already cooperated, offering mobile payment function QuickPass-service, which enables users to carry out transactions by putting their mobile phones near the card slots or POS terminals.

Last year, 620 million Chinese people, or more than 90% of Internet users have used smartphones or tablets to access the network, and the mobile mobile payment has been made at 16.36 trillion yuan, equivalent to $ 2.52 trillion.

While the Chinese Internet giant Alibaba and Tencent to dominate the market for mobile payments, Apple, Samsung and Huawei are also taking the first steps in a new market. So in an increasingly competitive Xiaomi is also necessary to launch its mobile payment service in the near future.

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