In Russia, you can pay for purchases using Xiaomi Mi Band 4 NFC: how it works

Last week, sales of the NFC version of the Xiaomi Mi Band 4 fitness tracker began in Russia, with which you can

pay for purchases contactlessly. Now the bracelet has received support from Yandex. Money, and this is already the tenth payment service with which Mi Band 4 NFC works.

How it works

In addition to Yandex. Money, the list also includes CreditEuropeBank, Russian Standard Bank, PSB, RosselkhozBank, RaiffeisenBank, TinkoffBank, VTB, Otkritie Bank, Moscow Credit Bank.

Only a card can be attached to the braceletMasterCard issued by any of these banks - both plastic and virtual. To do this, install the Mi Fit application on your smartphone and use it to activate Mi Band 4 NFC. In the “Devices” tab, select “Mi Smart Band 4 NFC fitness bracelet” and fill in your card details in the “Bank card” section. After this, you need to confirm authorization using a message.

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To pay for a purchase, select the “Cards” section on the bracelet, bring the device to the terminal and click on the arrow to activate the payment card.

They promise that such payments are reliably protected by Mastercard tokenization technology, which replaces the 16-digit card number with a special token and securely stores the data on an NFC chip.

For payments with a plastic or virtual Yandex card. Money users can receive cashback: 1% or 5% for regular purchases and 5% for products from the category of the month.

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