Xiaomi launches its digital payments app Mi Pay in India to take on Google Pay, Paytm

Mi Pay will be available for download only on Xiaomi devices unlike other digital payments apps.

Tech2 News Staff|Mar 19, 2019, 13:52:38 IST

To add to the ever-expanding digital payments ecosystem in India, Xiaomi India has just officially announced its very own Mi Pay app in the country.Xiaomi had rolled out a Beta version of the Mi Pay app back in December 2018 following approval by the National Payments Corporation of India (NCPI) and has now launched the app for everyone to download.[caption id="attachment_6288151" align="alignnone" width="1024"]

Xiaomi launched Mi Pay alongside the Redmi Go smartphone today. Image: tech2[/caption]Xiaomi has partnered with ICICI Bank and PayU and enables mobile transaction similar to how Google Pay goes about it. However, unlike the Google Pay app, Xiaomi claims that Mi Pay will support both UPI and other credit and debit cards.

Mi Pay will be available for download only on Xiaomi devices and similar to Paytm and Google Pay, Mi Pay also gets a QR code option for quicker peer-to-peer transactions.

Besides money transfer, Mi Pay will also let you pay bills, make DTH recharge, pay water and electricity bills and so on. Mi Pay also allows the scanning of QR codes, including Bharat QR codes, like Paytm. Xiaomi has also registered service providers like Assam Power, BEST Mumbai, BSES Rajdhani and Yamuna, to offer more to MIUI users.

The Mi Pay app will be available as a payments option on Mi.com as well as on the Mi Store app for download. The app isn't available on the Play Store and it is unlikely that Xiaomi will make the app available on the platform.

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