Xiaomi is bringing a new product to India that will help many users to make contactless payments through NFC (Near Field Communication). Xiaomi India Managing Director Manu Kumar Jain recently took to Twitter to announce the upcoming product.
“I’m excited that we have Xiaomi NFC Mi Pay bracelets in India soon,” Jain said in the tweet, adding that the company is currently working with NPCI, Rupay, RBL and Zeta to make groups possible. Check out the tweet below.
Today we announced our entry into the FUTURE CONTACTLESS PAYMENTS at #GlobalFintechFestival.
We are delighted that we have Xiaomi NFC Mi Pay Straps in India soon. ??
Currently we are working with NPCI, @RuPay_npci, RBL & Zeta to make this happen very soon.
– Manu Kumar Jain (@manukumarjain) September 28, 2021
Xiaomi NFC Pay Strap will come with NFC, but not much else on the phone has been announced yet. It looks like the NFC Pay Strap is a standalone product that lacks a display entirely based on the image shared by Xiaomi. This would mean that the band could be controlled through a companion app.
Then again, it is also possible that the product is just a strap for existing devices like the Mi Band series, simply adding NFC functionality to existing products.
Regardless, the bracelet appears to be an alternative for people without NFC support on their smartphones, allowing them to make contactless payments using the bracelet instead of their phones.
It’s great to see Xiaomi finally adding NFC to its product line in India. Some of the brand’s previous products, such as the Mi Band 4, would launch with NFC in China, but skip the feature for the Global and Indian versions.
There is no launch date mentioned in the tweet, but the upcoming holiday season could be a good bet as brands often launch new products through hosted online sales during the period. We should know more details on the price of the product closer to its launch.
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