Fresh from rolling out a, Xiaomi today announced a new contactless payment system for its home market in China. The catch? It really only works on one of its phones, the .
That's because the Mi 5 is really the only phone in Xiaomi's lineup that supports NFC. It's likely Xiaomi took NFC out of newer models as a cost-cutting measure, as earlier phones like thehad it.
The newly launched Mi Pay currently supports credit and debit cards from 20 banks, as well as public transportation cards from six cities across China. If you live in markets such as Hong Kong or India where Xiaomi is present, don't hold your hopes up for Mi Pay to come your way.
"We don't have global rollout plans currently," said a Xiaomi spokesperson to CNET.