Xiaomi shuts down its financial services business in India

Chinese smartphone maker Xiaomi Corp has reportedly quietly exited the financial services business in India. According to a report in TechCrunch, citing sources familiar with the matter, the Chinese giant recently pulled the Mi Pay and Mi Credit apps in the country from the local Play Store and its own app store. The company has pulled its Mi Pay and Mi Credit apps in India from the local Play Store and its own app store. https://ift.tt/2yefT7o