Xiaomi to bring NFC enabled MI pay watch straps partner with Rupay, RBL, Zeta

 Today Xiaomi announced that it will be launching NFC enabled watch straps this will be synced with Xiaomi own mi pay app to connect and to offer contactless payments to users, there is no details about the watch straps but Xiaomi india executive posted on twitter that they mi straps only work with mi pay and will see increase in the adoption of the payment service that company offers in india.

Xiaomi already says that the strap has linked with RuPay, RBL Bank and fintech Zeta. They are specially designed straps for wristwatches that comes with NFC functionality, this straps could compatible with more wristwatches but only Xiaomi brand watches. 

There is no requirement of power for this strap it can easily pay when your strap goes near point of sale device. This is like a futuristic payment service and there is no official statement of release date. Xiaomi will find the use-case for watch straps is yet to be seen in the real world. A good move from Xiaomi and lets wait for it.

1 Comments

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