Xiaomi has launched its payment service, Mi Pay in India.
Supported by ICICI Bank and PayU, Mi Pay enables you to make payments using UPI, debit cards, credit cards, and Internet Banking. You’ll also be able to make payments for several utilities with Mi Pay such as phone bill/recharge, DTH recharge, water bill, electricity bill, with just one tap.
Mi Pay’s biggest advantage is its deep integration within MIUI which makes transferring payments to contacts and vendors extremely easy. To begin with, Mi Pay would be integrated within the Contacts, SMS, Scanner apps as well as App Vault in MIUI.
And given, Xiaomi’s well designed software – expect Mi Pay to become a serious fintech player (Xiaomi does lending anyways).
NPCI has cleared Mi Pay for large group usage, due to which its beta testing is going live, and soon it will be available for all MIUI users. At launch, Mi Pay will support all leading credit cards and debit cards.
How to get Mi Pay on your phone?
- You must be on MIUI Global Beta ROM
- To become a beta tester for Mi Pay -apply here.
More details here.