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Facebook Email icon An envelope. Toronto-based payment terminal provider NBS Payment Solutions announced the completion of its acquisition of the assets of Arizona-based payments terminal provider Equinox. The company is testing out a new payment system that allows shoppers to scan items they wish to purchase from grocery aisles using their mobile phones. Xiaomi hasn't commented on its plans for the company beyond acknowledging its existence, but if the low-end smartphone manufacturer is planning to get into payments it would face stiff competition from both Alipay, a payment method offered by Alibaba, China's answer to Amazon, and social media behemoth Tencent's Tenpay.