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Paytm to offer up to Rs 60,000 loan at 0% interest with Postpaid Mini service
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Xiaomi: Smartphone market to bounce back in Q3; better prepared this year: Xiaomi s Manu Jain
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Aditya Birla Finance launches Sapno ki Suno campaign
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Synopsis
The handset maker is aiming to become one of the largest players in the country s fin-tech space through its Mi Credit lending service and Mi Pay application. It considers India as the biggest market after China for Mi Credit.
Manu Jain, Xiaomi India’s head and global vice president
India s top smartphone brand Xiaomi is refocusing on its
fintech business, which was hurt severely due to the pandemic last year when the company’s partners shifted focus from giving out fresh loans to recovering the money from customers.
“Last year, it was really difficult for our fintech business as post the lockdown our entire business came down to zero. The focus then for all our partners on the platform changed from giving fresh loans to ensuring the collections are happening,” Manu Jain, Xiaomi India’s head and global vice president told ET.