Xiaomi launches Mi Exchange Program

Chinese smartphone maker Xiaomi has partnered with Cashify in order to launch a new Exchange Program. Under the exchange program, users will be able to exchange their old smartphone for a new Xiaomi device by going to their nearest Mi Home.

Here’s How It Works

Mi Exchange programme is for those who are looking to upgrade their old smartphones. You need to bring your old smartphone to a nearest Mi Home. At the store, Cashify will inspect the device and propose a suitable price for the same depending upon the condition of the phone. The amount can be used as a discount against the purchase of the new Xiaomi smartphone. However, like all other offers, the new Mi Exchange programme too comes with its set of terms and conditions.

The first and foremost condition is that the device you wish to exchange should be in the portfolio of Cashify. Users are also allowed to exchange only one device at a time. The resale value of the device is determined by Cashify’s inbuilt application and cannot be negotiated. Cashify will provide an e-receipt for the sale of the old phone, and once the exchange has been made, there will not be any further changes.

Moreover, Cashify is also offering doorstep pickup of the old phone, in which case the customer will have to purchase a desired Xiaomi smartphone at the store by paying the whole amount upfront. Cashify will then schedule a pickup of the old phone from the address provided, and pay the customer the agreed value at the time of pickup. However, Xiaomi states that it will have no involvement in the buyback process conducted by Cashify.

The exchange can only be availed at Mi Home stores located in metro cities in the country. Xiaomi has four Mi Home stores in Bengaluru, and others across Delhi, Mumbai, Chennai, Pune and Hyderabad. The brand has plans to open 100 Mi Homes across the country in two years.



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