Smartphone maker Xiaomi tied-up with New Delhi based Cashify in order to introduce a new Exchange programme. Under the programme, the users will be able to exchange their old smartphone for a Xiaomi device by going to the nearest Mi Home.

Xiaomi mentions, “In collaboration with Cashify, we have introduced a new programme – Mi Exchange which lets you exchange your old smartphone for a new Xiaomi smartphone. What you need to do is simply bring your old smartphone to a nearest Mi Home”.

Recently the company has 11 Mi Home stores in a country across Delhi/NCR, Bengaluru, Hyderabad, Pune, Mumbai, and Chennai.

How does the programme work?

The exchange programme works just like any other Potential buyers can bring in their old phone to their nearest Mi Home Store and exchange the same for a brand new Xiaomi smartphone. The exchange value will be determined by Cashify something that can also be checked manually via the Cashify app. Cashify will also offer doorstep pickup facility, however, potential buyers will need to personally visit a Mi Home Store to buy their new Xiaomi smartphone, as also make the necessary payment.

The company adds that the exchange value of a dated phone will be determined on the basis of condition and market value, the company notes. Also, only one phone can be exchanged with an accessible Xiaomi smartphone and the phone in question should be listed in Cashify’s portfolio.

The Mi Exchange program, as mentioned previously, will provide Xiaomi’s push for offline a major push. Even, the new manufacturing facility has been opened in union with Hipad Technology and will deal specifically with producing power banks. The company also declared the launch of the Mi Power bank 2i: the first product to be assembled at its new Noida facility.

Xiaomi entered India in July 2014. Three years hence, it has become the number one smartphone vendor in the country, according to data released by research firm IDC. The company already has two smartphone manufacturing facilities in Sri City, Andhra Pradesh and “more than 95 percent of its smartphones sold in India are assembled locally,” the company claims.