The CEO of Xiaomi, Lei Jun, just officially announced the company’s new NFC mobile payment service Mi Pay. Not to be confused with Mi-Pay, this service will be available on Xiaomi smartphones that are equipped with NFC. Xiaomi says China Construction Bank, Bank of Communications, China Merchants Bank, Huaxia Bank, Minsheng Bank, Ping An Bank, and Industrial Bank are all on board & more are coming.
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