Chinese smartphone maker Xiaomi has announced that it will offer a new payment option, powered by Google Tez, on its own e-commerce platforms starting today. Tez is Google’s new digital payment app for India. The new payment option powered by Tez will allow users to opt for a cashless transaction option on Mi.com and the Mi Store app. It means users can pay directly from their bank accounts online for any purchase that they make, further cementing Xiaomi’s commitment to contribute to the government’s Digital India initiative.
Based on UPI, an instant real-time digital system that enables users to perform fund transfers and merchant payments from multiple bank accounts, Tez offers a fast, seamless and secure payment method that will deliver more convenience to Xiaomi shoppers. According to the company users on Mi.com and the Mi Store app would see an option to select Tez and pay conveniently using their Tez UPI IDs. Mi.com on average gets over 21 million unique visitors in one month and over 1 million daily active users. Mi Store app on Google Play has over 20 million app installs with more than 6 million organic downloads to date.
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