Minsheng Bank has officially announced the release of its own mobile payments solution, Mi Pay. Like Huaxia Bank Pay, Mi Pay is a Near Field Communication-based mobile payment system. Banks including Beijing Bank , Minsheng Bank and Xiaomi already support the technology, with Beijing Bank and Guangdong Development Bank among others to officially approve usage of the app next month .
Xiaomi has officially announced the release of its own mobile payments solution, Mi Pay. Like Apple Pay, Mi Pay is a Near Field Communication-based mobile payment system. Banks including China Merchants Bank, Huaxia Bank and Minsheng Bank already support the technology, with Beijing Bank and Guangdong Development Bank among others to officially approve usage of the app next month.