Chinese company Xiaomi officially introduced its own payment service. It comes under the name Mi Pay, and will face really big competitors worldwide.
Nevertheless, the service will not be available in Europe yet. The application can be downloaded through the Play Store at the following link.
Not yet available in Europe
In fact, this is the second version, Xiaomi is bringing an application to the Play Store Mi Pay 2.0. The original UPI service (Unified Payments Interface) was introduced in December last year in the style of the competing Google Pay service.
Despite the unavailability of the service in Europe, its publication in the Play Store has taken place, and this may mark the future of the service in the local countries as well. The initial launch is focused to the Indian market.
A competitor to Google Pay
Mi Pay as a service is similar to other UPI payment methods, but still allows you to transfer money between family and friends. There is no possibility of payment in a brick-and-mortar store, the ability to scan bills or recharge a mobile phone, for example via the Internet.
A detailed connection with Xiaomi smartphones can also be interesting. Money can be transferred between contacts directly in the phone, the application will also use a QR code scanner and other options. However, you will need a Xiaomi account to sync.
- Mi Money (@MoneyWithMi) October 25, 2019
Services such as Apple Pay and Google Pay have recently been launched in the surrounding countries, so the presence of another player will not be easy. Follow Xiaomi Planet and we will keep you informed as soon as the service is available in Europe.
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