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 . In-line with rumors, Mi Pay is a Near Field Communication (NFC)-based mobile payments solution, just like Apple Pay. Banks including China Merchants Bank , Huaxia Bank and Shanghai Bank already use the technology , with Beijing Bank and Guangdong Commercial Bank among others to officially announce release 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 Shanghai Bank already use the technology , with Beijing Bank and Guangdong Commercial Bank among others to officially announce release of the app next month .