Xiaomi launches mobile payment solution Mi Pay in India; Mi Pay 2.0

Author at TechGenyz Xiaomi
Mi Pay

The China-based smartphone manufacturer, Xiaomi, which is currently dominating the Indian smartphone market, has launched its mobile payment solution in the country Mi Pay. With this debut, India becomes the first country outside the company’s home market to get the Mi Pay service.

Xiaomi India announced their plans to enter into payment services in collaboration with ICICI Bank and PayU back in December. Now, with the recent MIUI 10 Global Beta ROM, the company has introduced Mi Pay 2.0 in a dark mode custom app.

Back in December, the Chinese smartphone maker made its first announcement to enter into payment services collaboration with ICICI Bank and PayU bank to enable UPI-based payment system. Soon after the report, the company started with registrations for beta testing after receiving formal approval from National Payments Corporation of India (NPCI).

Xiaomi’s mobile payment service enables customers to pay bills, including phone bills, electricity bills, water bills as well as do mobile and DTH recharges. In India, it has been cleared by the National Payments Corporation of India (NPCI) for large group usage.

The feature also got fused into the settings interface of the MIUI Global Beta ROM; the app never misses out of varied payment options despite a basic UI released in January. It will be much easier for already Xiaomi users.

To use the app, users need to sign into the Mi account and provide with the permission, it requires for Phone, Contacts and SMS access. The transaction will be done directly with the user’s bank account just after it has been verified with the Mi Pay app. Xiaomi claimed that the service would be available to all MIUI 10 users shortly.

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