Xiaomi is India’s No. 1 Smartphone brand and today they introduced Tez, powered by Google. This Google Tez is new payment option that allows users to go cashless and make payments using Tez UPI IDs.
For now Xiaomi has enabled this new payment option on their own e-commerce platform starting today, users can initiate cashless transaction on Mi Store app and from Mi.com website. Tez enables users to perform transaction and merchant payments from multiple bank accounts, its fast, seamless and secure.
Mi.com is very popular site and gets around 21 million unique visitors in a month. And the Mi Store app has been installed over 20 million times.
Raghu Reddy, Head – Online Sales, Xiaomi India said: “Our vision is to bring innovation to everyone and our integration with Tez is another step forward in this direction. Xiaomi is currently the number one smartphone brand with a dominant online smartphone market share of 50.8%, of which a significant portion is attributed to Mi.com. With this new payment option, we hope to provide an even better purchasing experience that is truly cashless.”
Sujith Narayanan, Head of Partnerships and Business Development for Tez, said: “We are delighted to bring a seamless mobile web payment experience through Tez to Xiaomi customers on Mi.com. As a merchant partner for the Tez for Business program, all Xiaomi customers can now seamlessly and securely pay with any bank account stored in their Tez account on their phone.”