New payment app for Indians MI Pay
Mi Pay payments app launched in India. Xiaomi at the Redmi Go launch event on Tuesday launched the Unified Payments Interface (UPI) based payments app in the country. The company emphasised it has complied with data localisation requirements, and the Mi Pay app has been approved by the National Payments Corporation of India (NPCI). ICICI Bank will function as the payment service provider for the Mi Pay app. The service not only allows payments via UPI but also via debit cards, credit cards, and Internet banking.
Xiaomi says the Mi Pay app will be available via t
Mi Pay app features
Mi Pay has instead been integrated within the native SMS, Contacts, App Vault, and Camera scanner apps. Apart from money transfer, the UPI-based Mi Pay app also supports recharges and bill payments. These features match those available from other major UPI-based payments apps in the country, such as Google Pay and PhonePe.
The Mi Pay UPI-based payments app will also be available as a payments option on Mi.com as well as the Mi Store app, Xiaomi announced at the Redmi Go launch event.
Mi Pay offers
In an effort to entice the consumers to use the Mi Pay app, Xiaomi is running a couple of promotions in the country. As a part of these promotions, the company will be giving out free TVs and phones to lucky Mi Pay users.
Mi Pay app history
Mi-Pay is a contactless NFC-based mobile payment system that supports credit, debit and public transportation cards in China. The service was launched by Xiaomi in partnership with UnionPay