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

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

Customers exchanging their old phones to get a new Xiaomi smartphone may also opt for 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 for their new purchase in the Mi Home store and Cashify will cover them to get their old models at a later stage.

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

Additionally, only 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 solid presence in the market. While the cheap handsets are the secret to the success of the Beijing-headquartered company, its expansion through online and offline stations has also helped in taking on the competition. The business established as many as 13 Mi Home outlets throughout the country in just seven months following the introduction of its first brick-and-mortar store in Bengaluru in May. The company partnered with Shenzhen-based HiPad Technology and launched the two Mi Power Bank 2i as the first creation of the new factory.

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