Money transfer with Xiaomi NFC Pay StrapStrap --- gadget news
- Get link
- Other Apps
Xiaomi NFC Pay Strap: Money Transfer With Watch Belt, New Discovery Xiaomi
Nowadays, online payment services have become a normal part of life, just like the other five things. With the help of smartphones and internet, ordinary people are now transferring necessary payments or money in a short time. But it seems that there is going to be a touch of modernity in this issue in the future. Because a recent report says that this time contactless payment will be possible only with a watch strap, not a smartphone; And, Xiaomi (Xiaomi), one of the most popular tech-brands in the world market, will bring this feature that will make your eyes glaze over. Yes, that's right! The Chinese company recently announced that they will soon launch an NFC (Near Field Communication) technology-enabled watch strap in India, called Xiaomi NFC Pay Strap. According to Xiaomi official Raghu Reddy's tweet, this strap will allow users to make contactless payments through the company's Mi Pay platform.
Xiaomi NFC Pay Strap will work with RuPay, RBL Bank, Zeta
At the Global Fintech Festival, Xiaomi unveiled the NFC Pay Strap today as part of its Indian digital payment services. To increase its acceptance, the company has partnered with Rupee, RBL Bank and Fintech platform Jitter. That being said, initially the strap will serve a number of specific banks. Later its range will be expanded or expanded.
So far, there is no word on when and at what price the Xiaomi NFC Pay Strap will be launched in the country. Again, it is not clear at this time which watch it will work with!
India's online payment service is getting stronger and stronger
According to Rajesh Bansal, CEO, RBI Innovation Hub, India has received about Rs 2.3 lakh crore in UPI payments this year, which will increase to Rs 6.2 lakh crore in the next four years, i.e. by 2025. Now that only one in five people across the country is actively using digital payments, Bansal expects the compound annual growth rate (CAGR) to increase by 22% in the next four years. He further mentioned that devices like Xiaomi NFC Watch Strap will provide more convenient service in India in terms of contactless payments. As a result, the number of users of this service will also increase.
- Get link
- Other Apps
Comments
Post a Comment
Go text