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  • NXP’s cloud platform mWallet 2GO and secure NFC chips power contactless payment capabilities for Xiaomi Mi Smart Band 4 NFC devices.
  • The Xiaomi Mi Smart Band 4 offers the industry’s best price-to-performance ratio for fully-active, SE-based and EMVCo-certified payment devices.
  • NXP’s mWallet 2GO is designed to ease development, reduce cost, and accelerate time to market for OEMs to add mobile payment capability to any wearable and mobile device; it allows consumers to quickly activate Mi Pay on their Xiaomi device and enable fast and truly contactless transactions.

Eindhoven, the Netherlands — 18 June 2020: NXP Semiconductors, Mastercard, and Xiaomi today announced they are bringing more convenient and secure contactless experiences to Russia as the first phase of a European-wide roll-out with NXP’s mobile wallet solution. Powering mobile payments for Xiaomi’s Mi Smart Band 4 NFC wearable devices, NXP’s mWallet 2GO supports an accelerated rollout across Europe by addressing OEMs’ needs for easy, yet secure and scalable, wallet implementations. It also addresses user demands to quickly enable payment devices by digitizing their bank cards and experience smooth NFC transactions at the point of sale.

The collaboration builds on the companies’ successful history in driving tap-to-ride mobile transit experiences in Beijing, Guangxi, Shenzhen and other several major Chinese cities with some of the world’s busiest metro stations and public bus lines. The Xiaomi Mi Band 4 offers the industry’s best price-to-performance ratio for fully-active, NFC- and SE-based and EMVCo-certified payment devices.

“Xiaomi and NXP have cooperated in the promotion of innovative mobile payments in China since 2012,” said Quanxin Wang, Xiaomi GM of International Product and Technology. “Extending our collaboration into Europe reflects the increasing focus on mobile lifestyles by people around the globe.”

With NXP’s mWallet 2GO mobile payment solution in Xiaomi fitness bands, users can simply add their bank

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currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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