Mi Pay Service Launched in India for Xiaomi MIUI 10 Beta Users in Colloboration with ICICI Bank, PayU

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Xiaomi Mi Pay

Back in December, Xiaomi India revealed its plan of entering the payment service arena in collaboration with PayU and ICICI Bank. Later, Xiaomi has kickstarted the beta testing based on registrations as it received clearance for Mi Pay by the National Payments Corporation of India (NPCI) on a large scale. At the time of launch, Xiaomi announced that the Mi Pay will get seamless integration with Contacts, SMS, Scanner apps along with the App Vault in MIUI. The recent MIUI Global Beta ROM brings the Mi Pay 2.0 app. Let’s check out the features.

MIUI Global Beta ROM With Mi Pay 2.0

Initially, the Mi Pay did not debut as a separate app for the beta users. It was a part of the Setting menu in the January MIUI 10 Beta ROM. Now, the latest MIUI 10 Global Beta ROM, Mi Pay makes an entry as a separate app, as MI Pay 2.0.

Similar to the other payment based apps like PhonePe or Google Play, Mi Pay also Phone, Contacts and SMS permissions for operations. However, unlike the other payments app, Mi Pay comes with a basic interface. The app does not miss out on varied payment options despite a basic UI. It has an option for fund transfer via UPI and Bank Account.

The Mi Pay app from Xiaomi is yet to go fully functional in India, but some of the features are already available for the beta testers. Last year, Xiaomi stated that it will store user-generated data within the India-based cloud infrastructure in an encrypted format. Users will be able to send and receive money along with the option of making utility payments for electricity, DTH, water, and more.

If you have an eligible and unrooted Xiaomi phone, then you can use the Mi Pay in India by updating to the latest Global Beta ROM. Xiaomi phones such as the Redmi 6-series, Redmi Note 5/Note 5 Pro, or Redmi Note 6/ Note 6 Pro are eligible for the latest beta build. Users can head to the MIUI forum and update to the latest MIUI by following the instructions religiously detailed in the forum.

How To Set Up Mi Pay On Xiaomi Phones

For the Xiaomi users who go ahead and install the Mi Pay app on their phones. Here’s how you will be setting up the app for initial usage.

Firstly, you’ll need to sign into your Mi account. After the sign-in, you will be able to add primary payment details such as default bank account with UPI details. If you have not set up UPI for your bank account yet, then you will have to make a UPI ID. In such a case, keep your bank details handy. Once your bank account is verified in the Mi Pay, you will be able to send and receive money through it. Just like other apps such as Paytm, PhonePe.

There are plenty of ways to transfer and receive money via Mi Pay. You get three options – Send Money, Request, and Scan & Pay. For making the payments, you will have to use your UPI PIN. For receiving payments, you will need to enter the VPA of the sender and amount requested. It will then notify the user to whom you have raised the payment request.


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Zara is responsible for the day-to-day news publishing on Gear. She wandered into the world of tech right after she completed her post graduate course in English Journalism from the Indian Insitute of Mass Communication (IIMC). She had been associated with some of the known tech blogs like Ubergizmo, ExtremeTech, Wccftech, CCM (English), MakeTechEasier, and more. Having worked with plenty of publications, she finally chose to dedicate her time to MySmartPrice. With over four years of experience, Zara boasts expertise in smartphones, apps, IoT, and security.