Xiaomi's Mi Pay enables NFC-free payments

Xiaomi has released an infographic (in Chinese) that shows the steps one must take to use the service without NFC. The user will have to add their bank cards in and add the necessary details to complete the authentication. After that, a double press on the power button is required which will generate a QR code that can then be used to complete the payment. 

Mi Pay will be integrated within apps like the Contacts, SMS, Scanner, as well as App Vault. The brand says that all user-generated data in Mi Pay will be saved within India in a highly encrypted format. Moreover, Mi Pay will allow users to make payments via debit cards, credit cards, and net banking too. They can also make payments to vendors by scanning QR codes. Xiaomi mentions users will be able to pay your phone/ water/ electricity bills and make mobile or DTH recharges.