Mi Pay payments app has been launched in India.
Xiaomi at the Redmi Go launching event on Tuesday established the Unified Payments Interface (UPI) established payments app in the country. The company emphasised it’s complied with information localisation requirements, along with the Mi Pay program was approved by the National Payments Council of India (NPCI). ICICI Bank will function as the payment service provider for the Mi Pay program. The service not only enables payments through UPI but also via debit cards, charge cards, and Internet banking.
Xiaomi says the Mi Pay program will be accessible through the Mi Apps store soon, and that the framework will be deeply integrated within MIUI over the next few weeks so that consumers won’t have to open the Mi Pay program to make payments.
Mi Pay app features
Mi Pay has instead been incorporated within the native SMS, Contacts, App Vault, and Camera scanner apps. Aside from money transport, the UPI-based Mi Pay app also supports recharges and charge payments. These attributes match those available from other important UPI-based payments apps in the country, such as Google Pay and PhonePe.
The Mi Pay UPI-based payments app are also accessible as a payments option on Mi.com in addition to the Mi Store app, Xiaomi announced at the Redmi Go launch event.
Mi Pay provides
In a bid to entice the customers to use the Mi Pay program, Xiaomi is running a few promotions in the nation. As a part of those promotions, the company is going to be giving free TVs and mobiles to blessed Mi Pay users.
Mi Pay app history
Obviously, that the China version wasn’t based on UPI framework. Reports of its entry into the Indian market first started emerging in August this past year, using an RBI licence approval allegedly being awaited at the point in time.
In December last year, Xiaomi announced it had started beta testing of this Mi Pay program in India, and in February this year, the Mi Pay program became a part of their MIUI 10 Global Beta ROM. Of course, with the launching, Xiaomi is taking on established UPI-based payments programs in India, such as Google Pay and PhonePe. WhatsApp is obviously also working on its UPI-based payments program, WhatsApp Pay, that is currently in testing in India.