NXP, Mastercard, and Xiaomi mobile payments into Europe

Powering mobile payments for Xiaomi’s Mi Smart Band 4 NFC wearable devices, NXP’s mWallet 2GO supports an accelerated roll-out across Europe by addressing OEMs’ needs for easy, yet secure and scalable, wallet implementations. It also addresses user demands to quickly enable payment devices by digitising their bank cards and experience smooth NFC transactions at the Point-of-Sale.

The collaboration builds on the companies’ successful history in driving tap-to-ride mobile transit experiences in Beijing, Guangxi, Shenzhen and other several major Chinese cities with some of the world’s busiest metro stations and public bus lines. The Xiaomi Mi Band 4 offers the industry’s best price-to-performance ratio for fully-active, NFC- and SE-based and EMVCo-certified payment devices.

“Xiaomi and NXP have cooperated in the promotion of innovative mobile payments in China since 2012,” said Quanxin Wang, Xiaomi GM of International Product and Technology. “Extending our collaboration into Europe reflects the increasing focus on mobile lifestyles by people around the globe.”

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.

“NXP is the first in the industry to offer the full scope of mobile wallet development with mWallet 2GO,” said Rafael Sotomayor, Executive Vice President and GM of Connectivity & Security at NXP. “As the worldwide impact of COVID-19 leads to an increase of contact-free transactions at a rapid pace, NXP’s leading hardware technology, software, and ecosystem integration bring convenient and secure contactless payments to Xiaomi and other mobile devices.”

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 tokenisation 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.

NXP’s Secure Service 2GO Platformis the breeding ground for multiple secure services to grow on. mWallet 2GO and MIFARE 2GO demonstrate the company’s commitment to think beyond silicon solutions, moving to fully integrated services and platforms as a business model. Launched in February 2018, MIFARE 2GO manages digitised MIFARE-based transit credentials onto IoT devices.