The Chinese tech company is set to relaunch its MI credit platform in the Indian market. According to the company, it will be launched on December 3. According to the report, the new version of the Mi Credit app will be downloaded from the Google Play Store from December. The new version will be confirmed only at the time of launching, but it is expected that it can get new features and a new user interface. The company was first launched in May 2018. The company provides a personal loan through this service in just 10 minutes.
The company has started sending invites for the upcoming launch event on Thursday. It was first launched in May 2018. Through the Mi Credit platform, the company was providing loans to Indian customers through a simple KYC process within just 10 minutes. It was earlier launched in association with Bengaluru-based startup company and instant personal loan platform CreditB.
It is worth noting that after the launch, Mi Credit will be the third value-added Internet service after Mi Music and Mi Video. Xiaomi plans to increase its product sale through a loan-providing service. However, it is not yet clear how the response to Mi Credit in India has been received or how it will attract the attention of people after its relaunch.