Xiaomi Mi Pay UPI-enabled payment service to launch in India soon

Xiaomi is one of the most popular smartphone brands in India as far as the number of shipments and market share is concerned. The brand is currently seeking approval from the RBI to start its payment operations in the country after having conducted some trials. Xiaomi’s pay service was launched in China in 2016 with the country’s UnionPay support for payments over Near-field technology. In India, it will be based on the Unified Payments Interface protocol. There are various other UPI-enabled payment services available in India like Google Pay, WhatsApp Payments, PhonePe, Paytm, Truecaller, Freecharge along with other smartphones and their NFC enabled payment services like Samsung Pay and Apple Pay. Given that Xiaomi is one of the many leading smartphone brands, Mi Pay might emerge to be as one of the leading payment platforms in India.
Source: indianexpress.com

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