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Xiaomi QuickPass mobile payment system coming soon

Xiaomi Mi 5 Android handset,
Xiaomi Mi 5
The phone maker and UnionPay are working on QuickPass, a mobile wallet for Xiaomi handsets, but its date of arrival is unknown for now.

When talking about smartphone-driven services, mobile payments are currently growing at a steady rate and this trend is not going to change too soon. However, grabbing a consistent slice of the market is not that easy, since big players like Apple, Google, and Samsung have been active in this field for a while already. Nevertheless, Xiaomi has decided to join this market as well, and its upcoming mobile wallet will launch as QuickPass.

Xinhuanet has just revealed that "Xiaomi has announced plans to work with national bank card association China UnionPay to grab a bigger share of the growing mobile payment market." Unfortunately, they did not uncover any details concerning the date when the QuickPass service is scheduled to go live with full support for Xiaomi's handsets. 

Last year, Xiaomi was the top smartphone seller in China. According to analysts, the local mobile payment market processed no less than 2.52 trillion USD during 2015. The market is currently dominated by Alibaba and Tencent, but both Apple Pay and Samsung Pay entered China earlier this year.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2016 04 > Xiaomi QuickPass mobile payment system coming soon
Codrut Nistor, 2016-04-25 (Update: 2016-04-25)
Codrut Nistor
Codrut Nistor - News Editor
Although I have been writing about new software and hardware for almost a decade, I consider myself to be old school. I always enjoy listening to music on CD or tape instead of digital files and I will not even get into the touchscreen vs physical keys debate. However, I also enjoy new technology, as I now have the chance to take a look at the future every day. I joined the Notebookcheck crew back in 2013 and I have no plans to leave the ship anytime soon.