Mi-Pay Launched in India, Xiaomi’s UPI-Based Payments App

Mi-Pay payments app has been released in India. Xiaomi on the Redmi Go release event on Tuesday released the Unified Payments Interface (UPI) based payments app within the united states of america. The employer emphasized it has complied with information localization requirements, and the Mi Pay app has been authorized by way of the National Payments Council of India (NPCI). ICICI Bank will feature because of the price carrier provider for the Mi Pay app.

Xiaomi says the Mi Pay app will be to be had thru the Mi Apps save quickly, and that the framework might be deeply included within MIUI over the next couple of weeks so that customers will no longer want to open the Mi Pay app to make payments.

Mi-Pay app features

Mi-Pay has instead been included within the native SMS, Contacts, App Vault, and Camera scanner apps. Apart from the money switch, the UPI-primarily based Mi Pay app additionally supports recharges and invoice payments. These features match those to be had from different important UPI-based totally payments apps within the united states of america, such as Google Pay and PhonePe.

The Mi Pay UPI-primarily based payments app can also be to be had as a payments alternative on Mi.Com in addition to the Mi Store app, Xiaomi introduced at the Redmi Go release event.

Mi-Pay app history

To keep in mind, Mi-Pay was first released in China lower back in 2016. Of path, the China version was now not primarily based on the UPI framework. Reports of its access into the Indian marketplace first began rising in August remaining year, with an RBI license approval reportedly being awaited at that point in time.

In December ultimate yr, Xiaomi announced it had started beta trying out of the Mi Pay app in India, and in February this yr, the Mi Pay app became a part of the MIUI 10 Global Beta ROM. Of course, with the release, Xiaomi is taking on established UPI-primarily based payments apps in India, which includes Google Pay and PhonePe. WhatsApp is of the path also running on its own UPI-primarily based payments device, WhatsApp Pay, that’s already in testing in India.