Xiaomi Wallet app is coming with more added features

Xiaomi wallet was announced as a beta money market fund on Xiaomi phone, which was only available for the Xiaomi phone users running developer build in China. It is expected that services of Xiaomi Wallet would support online shopping payment, accessing of personal credit information, financial products and the third-party payment.

Xiaomi has also planned to associate with China UnionPay to launch a mobile payment tech which will further work on its own smartphones. This association will definitely expand the functions of the Xiaomi Wallet.

Well, the Xiaomi has indicated us about the latest development of a fingerprint payment is being worked upon. So if we consider that it happens, then the Xiaomi smartphones users will then be able to pay by fingerprint.

So we can conclude that Xiaomi is taking strong steps to prepare its own payment platform. It’s very essential to have a mobile payments option of your own if you intend to monetize any content or services on mobile. Well the mobile payment has become quite popular for some of the Chinese tech companies such as Tencent and Alibaba and we expect many more financial products to be created which is based on it.