Mi Pay payments app has been launched in India.
Xiaomi in the Redmi Go launching event on Tuesday established the Unified Payments Interface (UPI) based payments program in the country. The business emphasised it has complied with information localisation requirements, along with the Mi Pay program was approved by the National Payments Council of India (NPCI). ICICI Bank will be the payment service provider for your Mi Pay program. The service not only allows payments via UPI but also via debit cards, credit cards, and Internet banking.
Xiaomi says that the Mi Purchase program will be accessible via the Mi Apps store soon, and that the framework will be deeply integrated within MIUI over the next couple of weeks so that users won’t need to start the Mi Pay app to make payments.
Mi Pay program features
Aside from money transport, the UPI-based Mi Pay app also supports recharges and bill payments. These features match those accessible from other important UPI-based payments apps in the nation, 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 launching event.
Mi Pay provides
In a bid to entice the customers to use the Mi Pay app, Xiaomi is running a couple of promotions in the nation. As part of those promotions, the corporation is going to be giving out free TVs and phones to lucky Mi Pay users.
Mi Pay program history
To remember, Mi Pay was launched in China back in 2016. Obviously, that the China version was not predicated on UPI frame. Reports of its entry into the Indian market began emerging in August this past year, using an RBI licence approval allegedly being anticipated at that time.
In December this past year, Xiaomi declared it had begun beta testing of this Mi Pay app 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 based UPI-based payments programs in India, for example Google Pay and PhonePe. WhatsApp is of course also working on its own UPI-based obligations program, WhatsApp Pay, that is currently in testing in India.