Xiaomi has ventured into a new avenue, away from smartphones and other consumer electronics. The company has announced the launch of Mi Credit in India, a new service that acts as a platform for users to initiate financial lendings. The company has listed financial loan providers on Mi Credit and users can log onto the platform to apply for quick loans.

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Xiaomi has announced that Mi Credit is, as of now, available in partnership with KreditBee, an instant personal loan platform [...]