Xiaomi announces seventh manufacturing facility alongside Redmi Go

Chinese smart device maker Xiaomi Tuesday announced its foray into the digital payment segment with launch of MiPay app and expansion of its mobile manufacturing. “We have introduced our innovative MiPay service for our consumers in India. MiPay serves as the ultimate solution to a variety of consumer payment needs, hence empowering millions of Xiaomi users with access to digital payments. Thus, acting as an equaliser providing a seamless experience across all smartphones,” Xiaomi India Chief Operating Officer Muralikrishnan B said here. He said there are security concerns around data of individuals, hence, the company stores all MiPay data in India.

The company has received approval from the National Payments Corporation of India (NPCI) and has partnered ICICI bank for the service. Xiaomi announced partnership with electronics manufacturing services firm Flex to expand its mobile production in the country.