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

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

Customers exchanging their old phones to get a brand new Xiaomi smartphone may also decide on a pickup service from Cashify by which their dated handsets will be picked up right from their phone location. In this circumstance, the customers will be required to pay the whole amount to their new buy in the Mi Home store and Cashify will cover them to get their old models at a subsequent stage.

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

Additionally, just one device may be traded with an available Xiaomi smartphone in Mi Home, and also the unit being exchanger must be nicely listed in Cashify portfolio.

Debuted in India back in July 2015, Xiaomi already has a solid presence in the industry. While the cheap handsets would be the secret to the achievement of this Beijing-headquartered business, its expansion through online and offline stations has also helped in taking on the competition. The business established as many as 13 Mi Home sockets throughout the country in only seven weeks following the introduction of its first brick-and-mortar store in Bengaluru in May. The business partnered with Shenzhen-based HiPad Technology and established both Mi Power Bank 2i since the first creation of the new factory.

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