Chinese smartphone maker Xiaomi Corp has reportedly quietly exited its financial services business. IndiaA TechCrunch report, citing sources familiar with the matter, said the Chinese giant recently Mipay When Mi credits Country apps from the local Play store and your own app store. The company has removed the Indian Mi Pay and Mi Credit apps from the local Play store and its own app store.
TOI Tech-Gadgets Now Check the app on both Google Play Store and Xiaomi’s App Store, misterIn the Mi Store, the app was visible but not allowing the user to create an account. A message appears on the screen that says “Unable to create an account at this time. The Mi Pay service is no longer available.” My app no longer appears in Google Play Store searches.The app is no longer listed in recognized apps by regulatory bodies National Payment Corporation of India (NPCI). A backlink to his NPCI’s website on Xiaomi’s homepage throws a 404 page.
Launched in 2019, Mi Pay allowed users to pay bills and transfer money. “Mi Pay. Faster, safer, more reliable, specially designed UPI app (Unified Payments Interface) is preloaded on all Xiaomi smartphones. You can use Mi Pay to quickly send money to friends and family, pay your local grocery store, pay your utility bills, and more,” the app’s description on the company’s page says. .
what xiaomi said
“As part of our annual strategic assessment activity and in response to our increased focus on core business services, we closed Mi Financial Services in March 2022. In just four years, we have connected thousands of customers and A spokesperson for Xiaomi India said in a statement that it is working with its partners and supporting consumers during this process.
India is Xiaomi’s largest market outside of China. The company has been leading the Indian smartphone market since the last quarter of 2017.