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Just saw some big news!
Xiaomi is going to integrate SEI's payment features into their phones. Note that this time it’s not a global rollout — Mainland China and the US markets are not included, but users in other regions will have the SEI payment module pre-installed in the system when they buy Xiaomi phones in the future.
This collaboration has quite a lot of potential for SEI. After all, Xiaomi's overseas shipment volumes are significant, and if they can truly establish the payment scenario, it will lead to a qualitative increase in the penetration of the entire ecosystem.
Of course, the actual implementation will depend on subsequent execution, but at least from a strategic perspective, this move opens a sizeable traffic channel for SEI.