After more than four months of Tencent Digital (Su Yang), Xiaomi finally came up with a mobile payment solution.
It is understood that Xiaomi will hold a press conference with China UnionPay in the near future to formally launch the “Mi Pay†function. In addition to regular bank card payments, millet payments based on eSE (embedded security components) will also support Bus card function, Xiaomi 5 will be the first to support this function through the OTA form.
According to official announcements, Xiaomi will pay the first batch of credit cards and debit cards that will support more than 10 banks including Bank of Communications, China Construction Bank and China Merchants Bank . The specific list has not been announced.
At the same time, the public transport function support data shows that the Shenzhen and Shanghai municipalities have already started related services in the initial stage, and there are four provincial and municipal bus and subway cards in the test. Both services will be on September 1. Officially opened after the conference.
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