Xiaomi Takes on Google, Paytm With India Pay Launch

Date: 
22 Mar 2019

Xiaomi unveiled its Mi Pay mobile payments app for India, further increasing competition in the country’s already crowded mobile payments market.

The Chinese company commenced a “large scale trial” of the service late in 2018 and formally announced commercial availability this week. It provides mobile peer-to-peer payment services and bill payment and was developed in partnership with ICICI Bank using protocols defined by The National Payments Corporation of India.

Read Full Announcement>>
Type: 
General
Region: 
South Asia
Country: 
India