Xiaomi has now introduced Mi Pay, its digital payments platform, in India. The service’s presence was announced through a Mi Community post, which is still available in the beta version. With Mi Pay, Xiaomi will come up against Google Pay, launched in India as Tez, and Paytm, in the digital payments space.
What is Mi Pay?
With Mi Pay, you can make payments using UPI, debit cards, credit cards, and Internet Banking. You’ll also be able to make payments for several utilities with Mi Pay such as phone bill/recharge, DTH recharge, water bill, electricity bill, with just one tap.
NPCI has cleared Mi Pay for large group usage, due to which its beta testing is going live, and soon it will be available for all MIUI users. At launch, Mi Pay will support all leading credit cards and debit cards.
- You must be on MIUI Global Beta ROM
For this, though, users will need to be running a Xiaomi phone with MIUI Global Beta ROM.
To become a beta tester for Mi Pay – apply here
Here, users can fill in basic information of their Xiaomi device, to receive an install link of the app onto their phone.
- Today onwards to 31st Dec, 11:59 PM (IST)
How to bind a bank account to Mi Pay
- Open the Mi Pay app
- Select the option to add a bank account
- Key in the bank account details
- Go through SMS verification for final confirmation.
A detailed guide on using Mi Pay can be found here: Visit Here