TRY FOR FREE

Xiaomi Brings Payment Capabilities to its Smart Fitness Bracelet

China’s largest domestic smartphone maker, Xiaomi, has entered into a partnership with the the country’s biggest e-commerce company, Alibaba, to develop mobile payment systems using wearable technology. The venture is to fall under Alibaba Group’s subsidiary, Alipay and is said to be a first for China’s major tech firms. While wearable payments have yet to really catch on in China, this merger could be a sign of change in this trend.

Xiaomi’s Mi Band smart fitness bracelet is an impressi ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.

RECOMMENDED