Mastercard and partner Xiaomi, the world’s No.1 wearable band brand1, unveiled an updated version of its Mi Smart Band 6September 16, 2021 | By Nila Moloney
Mastercard and partner Xiaomi, the world’s No.1 wearable band brand1, unveiled an updated version of its Mi Smart Band 6, which spotlights the enablement of contactless payment. The new device now offers a fast, secure, and convenient way to pay for any number of purchases. The collaboration has been rolled out across 19 countries with plans to expand over the next few months.
1, Source: Canalys Wearable Band Analysis (Sell-in shipments), Q2 2021.
“We believe wearables are important to the payment ecosystem. We are seeing a rise from the use of plastic payments to mobile, including wearables. With technology and innovation playing a central role, we’ve seen more devices enabled for payment enter the market. In addition to the contactless feature, they will have capabilities such as providing new ways to communicate, disrupting the enterprise, and enhancing our digital-physical interactions, said Valerie Nowak, Executive Vice President, Product & Innovation, Europe." We are pleased to be building on our partnership with leading wearable band brand Xiaomi.”