Xiaomi, India’s largest Smartphone player in terms of market share, has decided to enter the most competitive industry in India. After disrupting the entire smartphone industry of the country by unbelievable pricing and specifications, Xiaomi has now turned its eyes towards the e-Wallet industry. The digital payment industry of India is booming at an unbelievable rate. No wonder, Global players like Amazon and Google has chosen India to bet on the Global Payment solutions. Xiaomi now wants to disrupt the Digital Payment Industry by introducing it’s all in one MI Pay application.
Mi-Pay has been officially launched in India to take on global companies like Amazon and Google. Google which runs its digital payment application under the brand name of Google pay in India, is a UPI based application and is the major competitor of Mi-Pay. Moreover, Paytm add emerged as the largest digital payment application of India last month outperforming all other application. Paytm accounted for most UPI transactions in India during the month of January and February, followed by Google pay and PhonePe. Hence, Paytm and Google pay will be the biggest rivals of Mi Pay in India.
Mi Pay Launch in India
Xiaomi has officially launched MI Pay services in India. The company claims that MI pay will be the all in one payment solution for the Indian customers. It will have all the basic digital payment features like Prepaid/Postpaid recharge and bill payments. Moreover, it is also expected that MI Pay will be integrating UPI on its application. Moreover, the technological height of the company also stated that all the data and transactions will be carried out in an encrypted form. Hence, the application will be hundred percent secure and no security breach will happen because of this end to end encryption.
Earlier this month, Xiaomi had got permission from the Government of India to launch its on digital payment solutions. Hence, you can expect all the features like recharge electricity, bill payment, gas bill payment, and other important digital payment related things on this application. Therefore, we expect to see a lot of New offers and cashback schemes from MI Pay.
It will be initially available only the xiaomi smartphone users only. This is quite similar to the Apple pay which is available only for iOS devices in the United States. Hence, the other brand smartphone users are going to mess all the upcoming offers.
Mi Pay Offers Expectations
Visit our website regularly to remain updated with all the big cashback offers from all the companies and specially from Xiaomi. We are all aware of the fact that xiaomi is known for it’s unbelievable pricing and marketing strategies. Moreover, all other digital payment applications like Paytm and Google pay are running a number of cash back and referral offers for enhancing the market share. Therefore, there is a huge probability that xiaomi is going to come up with a great referral and cashback scheme as an introductory offer. Hence, you must keep an eye on our website for all the updates related to this application.