Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Xiaomi is Planning to Launch its Own Contactless Payment Service in Russia
15.06.2019 09:56
Xiaomi is Planning to Launch its Own Contactless Payment Service in Russia

The manufacturer of smartphones and smart devices Xiaomi is planning to launch its own contactless payment service, Mi Pay, in Russia, according to The launch will take place as a part of the strategic partnership of the manufacturer with the Mastercard payment system.

      According to the representative of Xiaomi, the service will be launched in the “coming months”. It will work on new models of smartphones and wearable devices of the company that support contactless payment.

      Xiaomi emphasizes the fact that transactions through the service are protected by Mastercard tokenization technology. When you connect a card, a 16-digit combination of numbers is created and tied to an application on a specific device, thus the card number is not stored on the device itself, the company’s servers or in stores.

      Read More Articles about Russian Economy and Business

Author: Anna Dorozhkina

Tags: Russian business Russian companies    

Next Previous

You might also find interesting:

Sberbank and Group will Create a Joint Venture
Rostech will Support Technology Startups
The Moscow Authorities Plan to Simplify the Process of Entry of Businesses Into the Innovation Cluster
Russia Plans to Launch the Approach of the Regulatory Guillotine
Russia Ranked Third in the List of Countries with the Strictest Trade Regulation Rules

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Russian tourism  Volgograd  Russian Cinema  Festivals in Moscow  Modern Art  Russian media  Valdai Region  Honey Festival  St. Petersburg  travel to Russia  Russian Etymology  Mercedes-Benz Fashion Week Russia  Three Brothers  Sochi  skiing in Russia  Russian regions  Murmansk  Elena Guro  Kuzminki Park  Feodor Bobrykin  Arbitration Court  Arkhangelsk  Moscow Museum of Modern Art  Kolomenskoye Museum Estate  Moscow  Gatchina  Kyshtym  Russian business  Moscow planetarium  Norwegian fish  Natalya Vodianova  Vostochny Spaceport  Krasnoyarsk  Fabio Capello  Exhibitions in Moscow  Russian fashion designer  meteorite   Arts and Crafts  Darwin Museum  Mikhail Bobyshov  Kemerovo  Archeological Finds  Yaroslavl   Russian fashion  Historical Exhibitions  Shtokman project  Comics  Seafarers  Lipetsk   Highways 

Travel Blogs
Top Traveling Sites