On Wednesday, 20th December, Xiaomi announced that Google Tez Payment Option now available on Mi.com and Mi Store App. Earlier this month, Google announced that its Tez app had surpassed the mark of 12 million active users in India.
Leveraging the new integration, Xiaomi customers will be provided with an option to select Google Tez as a payment source on Mi.com and the Mi Store app. This new option will accept payments using Tez UPI IDs.
Since the launch of Tez App, it has already processed over 140 million transactions as revealed by Google's Product Management VP Caesar Sengupta earlier this month.
Xiaomi revealed in a press statement that Mi.com gets approx 21 million unique visitors per month and a million daily active users. The Mi Store on Google Play has got over 20 million installs with over siz million organic downloads to date. All this will definitely give a boost to Google Tez in future.
Along with this, it's also better for Xiaomi e-commerce platforms as Xiaomi customers will use their platform instead of using Amazon and Flipkart, as this would give them the option to pay for their purchases directly using their Tez UPI IDs.
Raghu Reddy, Head - Online Sales, Xiaomi India said in a statement that, "Xiaomi is currently the number one smartphone brand with a dominant online smartphone market share of 50.8 percent, of which a significant portion is attributed to Mi.com. With this new payment option, we hope to provide an even better purchasing experience that is truly cashless."
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