Mi-Pay Explained

Mi Pay
Developer:Xiaomi
Ver Layout:stacked
Operating System:MIUI 10 and above
Genre:Online payment
License:Proprietary

Mi-Pay is a contactless NFC-based mobile payment system that supports credit, debit and public transportation cards in China. The service was launched by Xiaomi in partnership with UnionPay.[1] [2] [3] [4]

In December 2018 Xiaomi launched Mi Pay in India in partnership with ICICI Bank.[5] Apart from sending and receiving money, one can pay utility bills and mobile and broadband recharges.

On 28 October 2022, the company suddenly decided to wound up its financial services in India, including mi pay and mi credit and decided to focus only on their core strength.[6]

Xiaomi Pay

Xiaomi Pay is the NFC cashless payment service supported by Xiaomi wearable products is listed below with the applicable banks. The availability of NFC may vary by country and region. Please see below for a list of countries or regions and banks that support cashless payments for each Xiaomi wearable product. Supported devices: Xiaomi Watch S1 Pro, Xiaomi Smart Band 7 NFC and Xiaomi Smart Band 6 NFC.

Supported countries

Xiaomi Pay can be used with cards issued in 34 countries and territories worldwide.[7]

Date launchedSupport for payment cards issued in
May 31, 2018China
June 16, 2020Russia
Belarus
Ukraine
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Iceland
Ireland
Italy
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Netherlands
Norway
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
United Kingdom
August 15, 2022Moldova

See also

Notes and References

  1. Web site: Aloysius Low . Xiaomi's new Mi Pay only works with one phone . CNET . 2018-03-18.
  2. Web site: Xiaomi Mi Pay Mobile Payment Service Unveiled; Mi Washing Machine Launched | Technology News . Gadgets.ndtv.com . 2016-08-17 . 2018-03-18.
  3. Web site: Xiaomi launches contactless payment service, Mi Pay Gizmodo India . www.gizmodo.in . dead . https://web.archive.org/web/20160902132937/http://www.gizmodo.in/indiamodo/Xiaomi-launches-contactless-payment-service-Mi-Pay/articleshow/53960716.cms . 2016-09-02.
  4. Web site: Rita El Khoury . Xiaomi introduces mobile payment solution Mi Pay with support for cards from 20 banks in China . September 2016 . Androidpolice.com . 2018-03-18.
  5. Web site: Xiaomi's Mi Pay mobile payment solution launches in India. 2018-12-20. xda-developers. en-US. 2019-01-03.
  6. Web site: Deep . Aroon . 2022-10-28 . Xiaomi India discontinues Mi Credit, Mi Pay apps . 2023-01-17 . Entrackr . en-US.
  7. Web site: August 4, 2023. Banks which support NFC cashless payment on your Xiaomi Wearable Product.