NXP Semiconductors and Chinese phone maker, Xiaomi announced recently a collaboration in mobile payment services for public transit systems.
As part of the collaboration, Xiaomi is introducing its next-generation flagship Mi 5 smartphone equipped with NXP’s Secure Element and Near Field Communication (NFC) solution to allow customers to use tap-to-pay for travelling, enabling them to seamlessly enter and exit public transport systems without using a ticket or travel card. It also enables simple balance checking with payment security ensured.
According to NXP, the new payment function is already available in Shanghai and Shenzhen, and both companies will join efforts to promote the rollout of the new application in more cities.
Rick Clemmer, NXP Chief Executive Officer
Given the rapid expansion of China’s mobile payment market and our strong collaboration with a world-class partner such as Xiaomi, NXP is well positioned to capture the huge potential of this market.
Lei Jun, founder, Chairman, and CEO of Xiaomi
We’re delighted to adopt the most advanced NFC technology in Mi5, which will offer reliable security and performance to support the city transit system with mobile transaction functionality.
