Xiaomi's Mi pay Unified Payments Interface (UPI) service launched in the Indian market

Xiaomi is one of the most value for money or budgets friendly smartphone making company in today's Indian market as well as some other countries. And today they are the most selling smartphone in India.

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They just launched their Unified Payment Interface or UPI based mobile payment system called Mi pay. Now currently Mi pay supported by PayU and ICICI bank. Mi-Pay launched in China in 2016. 
It uses NFC systems to make payments and the company launched their UPI system in India.

The big competitors of Mi pay are Google pay, Paytm, Phone pay etc. Xiaomi says that Mi Pay will be available on all of their phones, so long as you are on the latest MIUI Global Beta.

Mi-Pay in India will allow you to make payments for phone bill/recharge, DTH recharge, water bill, electricity bill etc.