Recently, Xiaomi had filed for a new trademark application for a “Xiaomi Pay.” Now, this trademark’s status has been officially changed to registered. In other words, the company was successful in filing for the finance based platform.
The trademark in question was initially applied back in April 2021. Furthermore, the Chinese tech giant had recently also filed for trademarks under the “Mi Pay” name as well. These had an international classification and were under the financial property management category. Although, since the company had recently dropped its “Mi” branding officially, it would make sense that it might even rename its Mi Pay platform to Xiaomi Pay.
Previously, the company had also announced that an NFC based Mi Pay straps for its wearable devices for contactless payments. For those unaware, the Mi Pay is a financial property management that seeks to offer users a simplified payment system that can be accessed via the brand’s products. This includes gadgets with and without the support for NFC. With the new trademark, the brand might change the name from Mi Pay to Xiaomi Pay, however, that is still speculation. So take this report with a pinch of salt for now and stay tuned for more updates.
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