• 3
    Dec

    Xiaomi launches app to offer credit to millennials in India

    Xiaomi,  the top smartphone vendor in India, today joined a growing wave of fintech startups in the nation that are offering credit to aspirational young professionals and millennials. The Chinese electronics giant said today it is launching Mi Credit, its curated marketplace for digital lending, that offers users credit between Rs 5,000 ($70) and Rs 100,000 ($1,400) at “low” interest rate. ...