Xiaomi Launches Mi Exchange Programme in India

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In order to improve its domestic existence and boost its existing sales documents, Xiaomi on Tuesday established Mi Exchange programme in India. The Chinese firm has partnered with New Delhi-based Cashify to let Indian customers exchange their existing handsets with fresh Xiaomi smartphones. The brand new development evolves days after an IDC report claimed the Xiaomi had joined Samsung since the top smartphone vendor in the country in the third quarter this year.

Under the Mi Exchange programme, customers need to visit a Mi Home store nearby their location to purchase a new Xiaomi smartphone in return of their old phone. The Cashify group will determine the valueof this dated model and then suggest a suitable quantity that will be discounted to your new Xiaomi offering. The resale value of this handset in market will be contingent upon the Cashify app. This usually means that you can find a preview of the amount you would receive on the exchange of your handset by heading over to the Cashify site.

Customers exchanging their old phones for a new Xiaomi smartphone can also decide on a pickup service from Cashify by which their dated handsets will be picked up right from their phone location. In this case, the customers will be required to pay the complete amount for their new buy at the Mi Home store and Cashify will cover them for their old models at a later stage.

“In collaboration with Cashify, we have introduced a new programme – Mi Exchange which enables you to swap your old smartphone to get a new Xiaomi smartphone. Everything you have to do is simply bring your old smartphone to a closest Mi Home,” Xiaomi said while announcing the newest development via its community forums.

It is worth noting here that the resale value of this old phone will be evaluated by the Cashify group on the basis of its condition and market value. Additionally, just one device may be exchanged with an available Xiaomi smartphone at Mi Home, and also the unit being exchanger should be nicely listed in Cashify portfolio.

Debuted in India back in July 2015, Xiaomi already has a strong presence in the industry. While the cheap handsets would be the key to the achievement of this Beijing-headquartered business, its expansion through online and offline channels has also helped in taking on the competition. The company established as many as 13 Mi Home outlets throughout the country in just seven weeks following the debut of its first brick-and-mortar store in Bengaluru in May. Earlier on Tuesday, Xiaomi announced the establishment of its third Indian facility that is specifically designed to manufacture power banks locally. The business partnered with Shenzhen-based HiPad Technology and launched the two Mi Power Bank 2i since the first creation of the new factory.

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