Xiaomi planning to enter consumer financing and B2B lending in India
Shortpedia
Content Team
The Chinese firm, Xiaomi, got famous in India for its smartphones at cheaper prices, is now planning to enter consumer financing and B2B lending services in India. By floating a new NBFC ‘Xiaomi Financial Services India’, the company is seeking license from RBI for it. On 10th October the new firm was incorporated as a subsidiary of Xiaomi Finance HK Ltd and Xiaomi Singapore Fintech and its BoD includes MD Manu Kumar Jain.
