Xiaomi, Huawei to roll out homegrown payment services

(Beijing) – Chinese smartphone makers Xiaomi and Huawei are both launching their own mobile payment services, creating more local competition for Apple's and Samsung's payment platforms in the world's largest smartphone market.

Xiaomi Corp. said on its official microblog on Aug. 30 that it will roll out Mi Pay on Sept 1. Huawei Technologies Co., currently the largest smartphone maker in China, announced one day later on August 31 that it is rolling out a similar service called Huawei Pay.