Xiaomi’s financial services will be offered in partnership with organizations such as Axis Bank, IDFC Bank, Aditya Birla Finance Limited, Stashfin, Money View, Early Salary and Credit Vidya.
New Delhi. Chinese smartphone company Xiaomi will offer financial services through a partner in India. Xiaomi will introduce gold loans, credit line cards and insurance products as part of its endeavor to provide a range of financial services in the payment, loan and insurance sectors. Xiaomi’s India head Manu Jain gave this information.
He said that these financial services will be offered in partnership with organizations like Axis Bank, IDFC Bank, Aditya Birla Finance Limited, Stashfin, MoneyView, Early Salary and Credit Vidya.
Mi Credit saw
a lot of enthusiasm in 2019 have been distributed. However, as soon as the pandemic hit, his lading partner started to back down.
Growth in the first quarter of 2020-21
He said, “The future of MI Credit or MI Financial Services was reconsidered in the past quarters. We are now developing this particular platform again. We registered a growth of 95 percent in the first quarter of 2020-21 as compared to the fourth quarter of the financial year 2019-20 and 35 percent in the first quarter of 2020-21 as compared to the first quarter of the financial year 2019-20.
