Xiaomi winds down financial services business in India • TechCrunch

Xiaomi has quietly discontinued its financial services in India, less than three years after launching payment and lending apps in the key global market, two sources familiar with the matter told TechCrunch, retreating from what analysts say is a $1 trillion opportunity.

The Chinese giant recently pulled the Mi Pay and Mi Credit apps in the country from the local Play Store and its own…

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