NXP and Xiaomi Usher in Era of Secure Tap-to-Pay for Mobile Transit and Contactless Payment in China

Highlights

• Mobile transit app activation rates grew more than 15 percent in Shanghai and 20 percent in Shenzhen since services on Mi 5 smartphone launched in June 2016
• Beijing, Guangdong Province (Ling nan tong), Wuhan and Suzhou roll out mobile transit services earlier this month
• NXP’s embedded secure element technology ensures highest level of protection for Xiaomi Mi Pay

SHENZHEN, China, Sept. 26, 2016 -- NXP FTF Tech Forum – NXP Semiconductors (NASDAQ: NXPI) and Xiaomi Inc. today announced they are successfully deploying best-in-class technologies to implement secure, convenient mobile transit experiences countrywide across China’s popular metro stations and public bus lines. And with Xiaomi’s recent launch of Mi Pay, featuring NXP’s embedded secure element (eSE) technology, consumers will benefit from the highest level of security for transactions from both bank and transportation accounts. Users can simply add their China UnionPay and public transportation cards to the Mi Wallet app in Xiaomi mobile MIUI system, eliminating the need to bring their wallets, making it even more convenient to use public transportation and go about their daily lives.

With Xiaomi introducing a mobile phone equipped with NXP’s Near Field Communications (NFC) and eSE earlier this year, the two companies collaborated to deliver secure, convenient mobile transit experiences in China’s cities. Since initial launch of the mobile transit services in Shanghai and Shenzhen in June, activation rates achieved double digit growth among commuters. And earlier this month, the two companies successfully extended the adoption of the Mi Pay app in both banking and public transportation cards for the launches of mobile transit services in Beijing, Guangdong Province, Wuhan and Suzhou.

“As mobile payment gradually becomes a natural part of people’s lives in China and the rest of the world, Xiaomi and NXP have cooperated in the promotion of innovative mobile payment in China since 2012,” said Hong Feng, Co-founder and Head of MIUI Division at Xiaomi. “Today, Xiaomi has over 200 million users around the world, a majority of these users are young tech savvy people who are the backbone of China’s thriving mobile internet market. We believe that NXP’s NFC technology and eSE solution coupled with Xiaomi’s hardware and smooth MIUI system can provide consumers with truly secure and convenient mobile payment experience.”

“The 15 percent in Shanghai and 20 percent in Shenzhen activation growths validates commuters’ preference to adopt secure mobile transit experiences. We’re excited to see how this payment experience will roll out in more cities in China,” said Rafael Sotomayor, senior vice president and general manager for the mobile business line at NXP. “To reach our goal in delivering the convenience of mobile transit in China’s cities, NXP doesn’t act as a pure hardware supplier but is driving an ecosystem convergence towards mobile transit.”

NXP’s NFC and eSE solutions combined with expertise and a comprehensive ecosystem for mobile-transit transactions, offer what’s needed to realize the benefits of mobile transit. The advanced technology increases engagement for those who value their mobile lifestyles, supports environmentally-friendly city concepts and benefits those who build and run transport services.

Today, the solution is used to enable Mi Pay and are available in China on Xiaomi’s Mi 5 smartphones. Mi Pay relies on a built-in NXP NFC chip with a separate secure element chip that has been proven to withstand a variety of invasive, semi-invasive and non-invasive attacks to provide the highest level of data protection and encryption to end users, payment issuers and smartphone manufacturers.

For more information about NXP’s NFC and eSE solutions visit the website.

About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ:NXPI) enables secure connections and infrastructure for a smarter world, advancing solutions that make lives easier, better and safer. As the world leader in secure connectivity solutions for embedded applications, NXP is driving innovation in the secure connected vehicle, end-to-end security & privacy and smart connected solutions markets. Built on more than 60 years of combined experience and expertise, the company has 44,000 employees in more than 35 countries and posted revenue of $6.1 billion in 2015. Find out more at www.nxp.com.

NXP and the NXP logo are trademarks of NXP B.V. All other product or service names are the property of their respective owners. All rights reserved. © 2016 NXP B.V.

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