Xiaomi NFC Pay Strap has been announced on Tuesday, September 28.The new straps will come with near-field communication (NFC) that will enable users to carry out contactless payments with eligible merchants.
Xiaomi has also announced that three merchants and banks with whom it will partner with initially.There is no confirmation if other merchants and banks will partner with the Chinese tech giant later on.Currently, not much information is available about Xiaomi NFC Pay Strap.
Xiaomi Chief Business Officer Raghu Reddy tweeted about the upcoming Xiaomi NFC Pay Strap that the firm announced during the Global FinTech Festival as the “future of contactless payments.” The tweet doesn’t mention when the Xiaomi NFC Pay Strap will be releasing but teases that it will be launching sometime soon.
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