Infocomm Infocomm
24th NBFC100 TECH SUMMIT AWARDS 24th NBFC100 TECH SUMMIT AWARDS
BFSI AI SUMMIT BFSI AI SUMMIT
Home Regulators RBI SEBI TechINFRA Security Data Centre Cloud Services Government Reforms DBT Aadhaar GST Payments Payment Gateways ATM Point of Sale Payment Wallets Fintech Apps Banks Public Sector Private Sector Cooperative NBFCs Year Ender Magazine Magazine Subscription Articles Interviews Webinars Webinar Videos Video Series — Innovation Talk Upcoming Initiatives BFSI Events About Us Contact Us

Xiaomi unveils UPI-based Mi Pay in India

Xiaomi Mi Pay

Android giant Xiaomi has introduced its first Unified Payments Interface (UPI) based Mi Pay Digital payment solution in India.

Xiaomi Mi PayThe firm has received its final approval from National Payments Corporation of India (India). The smartphone brand has also joined hands with PayU payment gateway and private lender for launching Mi Pay.

Advertisementgreylabs

The company has begun accepting beta testers for initiating its UPI-based services in the country that can be accessed via other MIUI application such as contacts, SMS and many more.

The newly launched serviced will offer support to several major credit and debit cards. With the help of this service, users will be able to make transactions using UPI, recharge mobile, pay DTH, gas, water or electricity bills. This service will also help the users to receive and accept money from other UPI users.

Advertisement24th Elets NBFC100 Tech Summit & Awards, Mumbai

Also ReadXiaomi launches ‘Mi Credit’ in India

AdvertisementInfoComm India 2026

Mi Pay will be able to sync and delink bank account. Further, it will also modify UPI PIN directly for the user’s account. The consumer will also be able to create personal QR codes with the help of this service and receive payments and scan QR codes.

AdvertisementElets BFSI AI Summit & Awards, Mumbai

The firm has now integrated the Mi Pay and its MIUI interface in a manner that will assist the users in making payments easily through their phones.

Users who are willing to use the services can do so by following a few simple steps. Firstly, the user will have to be on MIUI Global Beta ROM.  Secondly, the user will have sign-up for the beta service on or before December 31. The fill up the form, visit Xiaomi’s Mi Community here – in.c.mi.com/thread-1700986-1-0.html

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram.

Tags: Mi Pay Xiaomi

Our Coverage of News

Axis Bank Launches Industry-First UPI Controls to Strengthen Digital Payment Safety

Mumbai, September 1, 2026: Axis Bank has introduced two new customer-centric capabilities—Industry-First UPI Limit Management and International Travel… Read more →

Blue Machines AI Launches Project Icebreaker Ahead of GFF 2026: A Sovereign AI Co-Innovation Program for Indian BFSI

Bengaluru, August 31, 2026: Blue Machines AI, an advanced agentic customer experience (CX) operating system for enterprises, has… Read more →

SBI General Insurance Records 10.9% GDPI Growth in Q1 FY27, Reports Strong Business Momentum

Mumbai, September 1, 2026: SBI General Insurance has started FY27 on a strong note, reporting a 10.9% year-on-year… Read more →

Jio Platforms Gets SEBI Nod for ₹37,700 Crore IPO, Set to Become India’s Largest Listing

Mumbai, August 31, 2026: Jio Platforms Ltd has received final approval from the Securities and Exchange Board of… Read more →

Pensionbazaar Launches Wealth 360 to Offer Unified View of Investments and Savings

Gurugram, August 27, 2026: Pensionbazaar has launched Wealth 360, a unified portfolio tracking platform designed to help users… Read more →

Capri Global Capital Shares Surge 9% as Diversified Lending Strategy Gains Investor Attention

Shares of Capri Global Capital Ltd. surged 9 percent to an intraday high of ₹260.85 on Wednesday, extending… Read more →