Xiaomi’s Next Band to Embrace One-Touch Mobile Payment Technology
Xiaomi’s smartbands are assumed to be the next big thing by the tech world; much because they are rightly speculated to be cheaper than the present offerings by other brands. According to a recent disclosure by a Chinese online publication, the next-gen Xiaomi smartband will incorporate a mobile payment solution, providing users a safer, more convenient payment experience.
Huami, the Chinese start-up set to partner with Xiaomi for fitness wearables, declared that it has inked a strategic cooperation in AliPay. The tie-up is aimed at developing a wearable device that fits modern one-touch payment system. The idea is to speed up the payment process and eradicate the need of providing passwords at retail stores.
With this, whenever a user will come in the range of an AliPay client, the mechanism will activate automatically, establishing a link with the client. Through the technology, the payment will be done directly through the wristband.
The smartband works in conjunction with smartphone to function. The band gets connected to the handset through Bluetooth to verify the user’s identity, thereby acting as a channel to enable payments. Once the identity is established, the Xiaomi band then authorizes it to make payments via AliPay client.
The start-up further mentioned about the verification technology stating that it uses industry standard encryption measures to make the payments secure. In this, every user is provided with a unique identifier which verifies the status of users after eliminating the password link.
However, the mobile payment technology is not new and many big names in the technology sector have already embedded it to their devices. Though this will widen the reach of the technology. As Xiaomi offers products at a reasonable price, the forthcoming band is expected to become a common accessory and bring a larger change in the retail payment mode used in China.