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

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

Mi Pay UPI-based payments app launched to take on PhonePe and Google Pay

  • Mi Pay is UPI-based, and supports recharges and bill payments
  • Xiaomi says Mi Pay has complied with data localisation requirements
  • Mi Pay takes on other UPI payments apps, such as Google Pay

Mi Pay payments app has been launched in India. Xiaomi at the Redmi Go launch event on Tuesday launched the Unified Payments Interface (UPI) based payments app in the country. The company emphasised it has complied with data localisation requirements, and the Mi Pay app has been approved by the National Payments Corporation of India (NPCI). ICICI Bank will function as the payment service provider for the Mi Pay app. The service not only allows payments via UPI but also via debit cards, credit cards, and Internet banking.  

Xiaomi says the Mi Pay app will be available 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 will not need to open the Mi Pay app to make payments.

Mi Pay app features

Mi Pay has instead been integrated within the native SMS, Contacts, App Vault, and Camera scanner apps. Apart from money transfer, the UPI-based Mi Pay app also supports recharges and bill payments. These features match those available from other major UPI-based payments apps in the country, 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 launch event.

Mi Pay offers

In an effort to entice the consumers to use the Mi Pay app, Xiaomi is running a couple of promotions in the country. As a part of these promotions, the company will be giving out free TVs and phones to lucky Mi Pay users.

Mi Pay app history

To recall, Mi Pay was first launched in China back in 2016. Of course, the China version was not based on UPI framework. Reports of its entry into the Indian market first began emerging in August last year, with an RBI licence approval reportedly being awaited at that point in time.

In December last year, Xiaomi announced it had begun beta testing of the Mi Pay app in India, and in February this year, the Mi Pay app became a part of the MIUI 10 Global Beta ROM. Of course, with the launch, Xiaomi is taking on established UPI-based payments apps in India, such as Google Pay and PhonePe. WhatsApp is of course also working on its own UPI-based payments system, WhatsApp Pay, which is already in testing in India.


For details of the latest launches and news from Samsung, Xiaomi, Realme, OnePlus, Oppo and other companies at the Mobile World Congress in Barcelona, visit our MWC 2024 hub.

Gadgets 360 Staff
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