Xiaomi: Chinese smartphone companies find going tough in fintech space

New Delhi: Chinese smartphone companies trying to carve a niche in the fintech space have had a tough time, possibly on account of poor consumer sentiment following Sino-Indian border tension. Xiaomi, Oppo and Realme, which launched their fintech apps Mi Pay and Mi Credit, Oppo Kash and Realme PaySa, respectively, at the start of 2020 have so far seen fewer than 1 million downloads each on Google Play Store against their user base of 20-100 million. Even in terms of transactions, they have barely made a dent. Mi Pay and Realme PaySa recorded 480,000 and 10,000 monthly transactions, respectively, throughout…