Xiaomi Launches Mi Exchange Program in India

Maricris Jose
2:07 PM

The Chinese tech company, Xiaomi has revealed a new trade-in program for the Indian market intended to make its handsets even more reasonably priced for its patrons. Consumers can take advantage of the Mi Exchange program at any of the company’s 11 Mi Home stores across the county.

What is Mi Exchange Program?

Mi Exchange program aims to boost Xiaomi’s domestic existence and improve its current sales records. It was on Tuesday when the Chinese tech giant released this program in India. Xiaomi has partnered with New Delhi-based Cashify to let Indian customers exchange their present handsets with new Xiaomi devices. The new development arises days after an IDC report claimed that Xiaomi had joined Samsung as the top smartphone retailer in the country in the third quarter of 2017.

With the Mi Exchange program, the customers have to visit a nearby Mi Home store on their location to purchase a new Xiaomi smartphone in exchange their old Xiaomi handset. The Cashify team will decide the value of the out-of-date model and then recommend an appropriate amount that will be reduced for the new Xiaomi gadget.

Furthermore, the resale price of the handset interchange will be based on the Cashify app. This basically means that the buyer can get a preview of the amount he or she would receive on the exchange of their phone by going to the Cashify site.

How To Avail This Service?

The consumers who are exchanging their old phones for a new Xiaomi device can also choose for a pickup service from Cashify in which their old handsets will be picked up from their smartphone location. In this scenario, the consumers will have to pay the whole amount for their new Xiaomi handset at the Mi Home store and Cashify will pay them for their old phones later.

In addition, it is worth noting that the resale value of the out-dated Xiaomi phone will be assessed by the Cashify team based on its form and market value. Apart from that, only one device can be exchanged with an accessible Xiaomi smartphone at Mi Home, and the unit being exchanged must be well listed in Cashify portfolio.

For reference, Xiaomi phones have become accessible in India July 2015. The Chinese tech giant already has a strong presence in the market. Even though the inexpensive handsets are the key to the success of the Beijing-based company, its extension through online and offline channels has also facilitated in taking on the competition.

Additionally, the company has established as many as 13 Mi Home outlets across the India in just seven months following the release of its first brick-and-mortar store in Bengaluru in May. Earlier on Tuesday, Xiaomi publicized the formation of its third Indian facility that is explicitly designed to produce power banks locally. The company associated with Shenzhen-based HiPad Technology and debut the two Mi Power Bank 2i as the first creation of the new facility.

This is Xiaomi’s Mi Exchange program, which is recently launched in India. What can you say about the Chinese tech giant’s new development? You can share your thoughts and opinions through our comment section below.


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About Maricris Jose
Maricris is a writer who has spent two years writing about trending news and viral contents. Technology is her most favorite niche as she worked before as a Sales Associate in a leading and well-known gadget store in the Philippines.Email Maricris- maricris@73buzz.com
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