After Samsung and Xiaomi, OnePlus joins the payment market bandwagon
OnePlus might soon launch its NFC-based mobile payments and digital wallet service OnePlus Pay in India
NFC-enabled apps allow contactless digital payments through PoS devices at retail outlets
OnePlus had filed a trademark application for the wordmark ‘OnePlus Pay’ in India on March 30, 2021
OnePlus has a 2.5% market share in the Indian smartphone market
So far, the app is only available in China where it was launched in 2019
Last month, Truecaller shut down its payment services in India due to stiff competition
