Xiaomi picks NXP’s mWallet 2Go for Mi Smart Band 4

NXP Semiconductors, Mastercard, and Xiaomi recently announced they are bringing more convenient and secure contactless experiences to Russia as the first phase of a European-wide roll-out with NXP’s mobile wallet solution.

With NXP’s mWallet 2GO mobile payment solution in Xiaomi fitness bands, users can simply add their bank cards to the Mi Fit app on Android and iOS mobile devices. Mi Pay also features NXP’s embedded secure element (eSE) technology so purchasers, payment card issuers, and Xiaomi wearable users can benefit from a high level of security to secure payment transactions.

The solution includes a mWallet 2GO wallet software developer kit (SDK), mWallet 2GO wallet server (application management server) integrated with Mastercard Digital Enablement Service (MDES) and similar tokenization platforms; Secure Element Management Service (SEMS), NFC and Secure Element (SE) module, NFC middleware, SE JavaCard operating system and SE applets. NXP’s NFC+SE modules in mWallet 2GO offer a high protection against fraud.