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NXP and Xiaomi Announce Mobile Payment Partnership

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Mi 5 Adopts the Most Advanced NXP NFC Solution, the Two Technology Leaders Have Collaborated to Increase Efficiency of Public Transit Systems With Intuitive and Secure Mobile Payment Technology SHANGHAI, China, Feb. 24, 2016 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ:NXPI) and Xiaomi today announced a new milestone in their journey for mobile payments in public transit systems. As a key part of this collaboration, Xiaomi introduced its next-generation flagship Mi 5 equipped with NXP’s Secure Element and Near Field Communication (NFC) solution, which will help accelerate the adoption of mobile payments in China. The newly launched Mi5 models will allow customers to use tap-to-pa...

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