Xiaomi announces official Indian launch of Mi Pay

Michail, 19 March 2019

Alongside the new Redmi Go, Xiaomi officially introduced its Mi Pay payment service to the Indian market. Back in 2016, Xioami launched Mi Pay in China and followed that up by launching a beta trial in India. Testing is finally complete now and Indian users get full access to Mi Pay.

The platform is built on the Unified Payments Interface (UPI) in collaboration with National Payments Corporation of India (NPCI) and ICICI Bank and supports over 120 banks.

The service offers instant peer-to-peer transfers to other Mi Pay users or bank accounts. It is highly integrated with MIUI and allows for instant payments from other native Xiaomi apps such as SMS, contacts, and scanner. Focusing on the most common digital payment use cases, Mi Pay users will be able to pay for amenities like gas, water, and electricity as well as top up their phone or TV provider bills. Popular broadband providers like Nextra Broadband, Asianet and Hathway are already supported and Xiaomi's website will soon offer Mi Pay support as well.

Xiaomi claims that Mi Pay data is stored only on Indian servers and is working alongside EY and Lucideus to keep user data safe. The new service is a direct competitor to Google Pay, Paytm and Whatsapp’s payment feature and judging by the popularity of Mi devices in India it could gain some serious traction.

Source

Xiaomi

Reader comments

Anonymous
20 Mar 2019
0p}

And who are you to say someone else's opinion is tiny, CCP employed keyboard warrior?

Anonymous
20 Mar 2019
ftb

Ur phone always had the app it was just hidden, the app was installed using google play store so if u had auto updates off u could've ignored the update, and no i wouldn't use it either

PCPARTPICKER11
20 Mar 2019
0p}

There is no true local Indian phone manufacturer. All of these local companies get re-branded phones from china that are assembled in India. And no, it is not about them being Chinese, It is about security of Mi Pay as it is very new and ...