Xiaomi Mi Pay Now Official, Launch Imminent in India: Would Xiaomi Users Prefer The App or Stick With PayTM, Google Play, And Others

Xiaomi’s mobile payment service called Mi Pay hs w apparently become a reality in India, relatively early from time of its official launch in China in 2016. Mi Pay could go official to public in India imminently as app is in beta.

Xiaomi has stated that it has currently received required approvals from National Payments Corporation of India (NPCI), and custom mobile payments platform would collaborate with PayU and ICICI bank. You could currently check out Mi Pay if you have registered as a beta tester. If you are desirous of registering for beta, here.

At this juncture, it is worth ting that Mi Pay has been approved by NPCI for large group us and it should support all your debit/credit cards when launched officially. Mi Pay would work similar to all of leing mobile payment applications and will support bill payments, ticket bookings, and or essential services.

If you are new to mobile payments system, n check out a detailed guide on getting started with Xiaomi Mi Pay:

• Downlo Mi Pay app from Google Play or Apple App Store
• Launch application, after installation
• Choose to d your bank account details, and n confirm
• Integrate your bank details with Mi Pay
• Check out confirmation SMS and n ackwledge integration of both Mi Pay and your bank details to it.

Here, once Mi Pay is launched officially to wider public, existing mobile payment apps viz Google Play, and PayTM could face intense competition. Also, with Xiaomi’s smartphone user base relatively large in India; this could serve as icing on cake for Mi Pay to find a comparatively wider user base. Post launch and release of Mi Pay, it should only be a matter of time before mobile payment (cashless) digital platforms witness saturation earlier than expected.

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