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Xiaomi announced NFC straps for contactless payments

Today, 28 September, Xiaomi has unveiled Mi Pay Straps at the Global Fintech Festival, which will soon be launched in India and then possibly in other countries. The chief commercial officer of the brand Raghu Reddy wrote about this on his Twitter page.

Today we announced our entry into the FUTURE OF CONTACTLESS PAYMENTS at the Global Fintech Festival.

Thrilled to announce that we will be launching the Xiaomi NFC Mi Pay straps soon.

Working with @RuPay_npci, RBL & Zeta to make this happen.

Stay tuned. pic.twitter.com/5yD2eywhPO

— Raghu Reddy (@RaghuReddy505) September 28, 2021

At the moment, there are no details about this product, but it is known that Mi Pay Straps uses NFC technology, and all the necessary components are located in the strap itself. Xiaomi did not give an exact launch date for the new product, but announced that it is partnering with various financial companies in India, including RuPay, RBL and Zeta. Apparently, Mi Pay Straps will become part of the Mi Credit or Mi Pay system.

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