Xiaomi Takes on Google, Paytm With India Pay Launch

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.

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