Xiaomi has announced the NFC Pay Strap that will allow contactless payments. The strap will use the close to-field communication (NFC) technologies to allow the procedure.
The Chinese business has also announced that it had partnered with 3 banks and merchants as its initial partners. However, it has not confirmed if it would bring on board other banks and merchants as partners in the future. Xiaomi has also not made also substantially facts readily available about the NFC Pay Strap.
Raghu Reddy, Xiaomi’s Chief Business Officer, tweeted about the upcoming NFC Pay Strap, which the business played up as the “future of contactless payments” at the Global FinTech Festival. Reddy did not mention any launch date in his tweet, but teased that the Xiaomi NFC Pay Strap would release quickly.
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 quickly.
Working with @RuPay_npci, RBL & Zeta to make this occur.
Stay tuned. pic.twitter.com/5yD2eywhPO
— Raghu Reddy (@RaghuReddy505) September 28, 2021
Reddy described that the Xiaomi NFC Pay Strap would work with RBL Bank, RuPay, and fintech platform Zeta, and Xiaomi’s proprietary Mi Pay app. The tweet shared by Reddy only shows the image of a smartwatch strap stamped with the NFC logo.
The Chinese tech giant launched in India its preferred Mi Band 6 through August’s Smarter Living 2022 virtual occasion. The Mi Band 6 comes with a 1.56-inch fullscreen AMOLED touch show, providing 326ppi pixel density and 450nits of peak brightness. Xiaomi has stated the band would last up to a fortnight on a single charge. The band is also 5ATM water resistant and ships with a magnetic port for swift charging.
The Bluetooth v5 connectivity on the Mi Band 6 enables it to connect seamlessly with each iOS and Android devices. The fitness band also features a number of sensors that can enable monitor heart price and blood oxygen saturation (SpO2) and sleep tracking to monitor sleep cycles, naps, and sleep breathing top quality.