Xiaomi to launch Mi Pay in India

Xiaomi India has revealed that it will be rolling out a beta version of its new Mi Pay app in the Indian markets. As per reports from National Payments Corporations of India (NPCI) has cleared Mi Pay for group usage. 

"Mi Pay's biggest advantage is its deep integration within MIUI which makes transferring payments to contacts and vendors extremely easy," Xiaomi writes in its report. 

Xiaomi has also revealed that it has partnered with ICICI Bank and PayU and the likes of Google Pay. As per reports  Mi Pay will support both UPI and other credit and debit cards.

Similar to the likes of Google Pay and PayTm, besides money transfer, Mi Pay will also let you pay bills, make DTH recharge, pay water and electricity bills and so on. Mi Pay also allows the scanning of QR codes, including Bharat QR codes, like PayTm. Thanks to India's own UPI platform. There has been a digital payments revolution in India. 

And that, of course, makes India a very attractive market for companies that offer these services. 

 

 

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