The company is reported to be working with a network of smaller, private label banks to offer conventional banking features.
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Two Korean banks start accepting Samsung Pay for transactions
Not just putting cards on the app, but letting customers withdraw money at banks and ATMs with their phones. Iris scanning is the new PIN.
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Xiaomi scores $1 billion loan from banks around the world to strengthen offline retail presence
Mainly directed at opening more Mi Home physical stores, the $1 billion obtained by Xiaomi from 18 banks could also be used for a global expansion.
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