To compete against Google Pay and WhatsApp payments solution, Chinese company Xiaomi has now launched the Mi Pay payments platform in India.
For starters, Mi Pay payments service allows users to transact using UPI, debit cards, credit cards, and Internet Banking. Currently, Xiaomi’s Mi Pay supports banks such as ICICI bank and PayU digital payment option in India.
Users will be able to carry forward transactions such as mobile phone bills and recharges, DTH recharges, water bill, electricity bill, with just a single tap.
How To Start With Mi Pay:
- Download and open up the Mi Pay app via Google Play Store.
- Tap on the option to add your desired bank account.
- Fill in all the required bank details.
- Complete the process via SMS verification and you are good to go.
Following the clearance of Mi Pay for larger usage by National Payments Corporation of India (NPCI), Mi Pay is now available for beta testing in the country. Interested users can follow the link to sign up.
Xiaomi has integrated Mi Pay within MIUI to provide easy payments options to contacts and vendors. The UPI-based service will also be integrated within apps like the Contacts, SMS, and Scanner.
On the security front, the brand says that all user-generated data in Mi Pay will be saved in a highly encrypted format within India. Additionally, Mi Pay, at the time of launch, will support all the leading debit as well as credit cards.