Author(s)

Xujie Liao

Corresponding Author

Xujie Liao

Abstract

With the development of third-party payment platforms and the implementation of new financial services, an increasing number of people are realising the advantages of third-party payment platforms and the major changes that they bring about. In this environment, the instalment model of third-party payment platforms is gradually being accepted by consumers. This paper introduces Xiaomi Instalment and explains the process of using the platform. This chapter analyses problems with the Xiaomi Instalment in a third-party payment environment and offers corresponding countermeasures against these problems.

Keywords

The third-party payment platforms; financial services; Mi Instalment; instalment payment.