Mi Pay (Xiaomi)

0 standards supported

Overview

Mi Pay (Xiaomi) is Chinese device-anchored mobile wallet + Xiaomi Corporation SEHK: 1810 Chinese smartphone + IoT + consumer electronics parent + Xiaomi device-integrated mobile wallet using NFC + China UnionPay + national QR payment schemes + ~80M+ Chinese Xiaomi device users supporting Mi Pay ^{1, China report}.

History

Sep 2 2016 — Mi Pay launched by Xiaomi as Chinese device-anchored mobile wallet distinctive Chinese device-anchored mobile wallet heritage.

Mar 2019 — Mi Pay India launch on UPI Indian national instant payments + QR payment scheme.

Ownership & operator

Operating entity: Mi Pay (Chinese device-anchored mobile wallet; Xiaomi Corporation parent).

Major shareholders: Xiaomi Corporation (SEHK: 1810; Chinese smartphone + IoT + consumer electronics group; Lei Jun founder + CEO).

Regulators: PBoC + NFRA + RBI India + CBR Russia.

Technical integration

Mi Pay integrated within Xiaomi mobile devices + Mi Wallet + Xiaomi Watch + Mi Fitness (Android via Xiaomi MIUI + HyperOS; ~80M+ Chinese Xiaomi device users supporting Mi Pay); UnionPay QR + CNAPS + UPI (Indian operations) + NFC contactless + QR code payments.

Implementations & partners

Xiaomi Corporation parent: Xiaomi (Xiaomi Corporation; SEHK: 1810; Chinese smartphone + IoT + consumer electronics group).

Major Chinese device-anchored mobile wallet + payments competitors: Alipay (Alipay Chinese super-app wallet; Ant Group; ~1B+ users) + WeChat Pay (WeChat Pay Chinese super-app wallet; Tencent; ~1B+ users) + UnionPay QuickPass (UnionPay QuickPass Chinese state-backed wallet; China UnionPay) + Huawei Pay (Huawei Pay Chinese device-anchored mobile wallet; Huawei Technologies; ~100M+ Chinese Huawei device users) + OPPO Pay (OPPO Pay; OPPO Chinese smartphone mobile wallet) + vivo Pay (vivo Pay; vivo Chinese smartphone mobile wallet) + Samsung Pay China (Samsung Pay China; Samsung Electronics Chinese smartphone mobile wallet) + Apple Pay (Apple Pay China; Apple iPhone mobile wallet) + ICBC Mobile Banking (ICBC Industrial and Commercial Bank of China) + China Construction Bank (CCB) Mobile Banking (CCB China Construction Bank) + Bank of China (BoC) Mobile Banking (BOC Bank of China).

Regulators: PBoC + NFRA + RBI India + CBR Russia.

Status

Active, Chinese device-anchored mobile wallet + Xiaomi Corporation SEHK:1810 Chinese smartphone + IoT + consumer electronics parent + Xiaomi device-integrated mobile wallet using NFC + China UnionPay + national QR payment schemes + ~80M+ Chinese Xiaomi device users supporting Mi Pay ^{1, 2}.

Sources

1 Mi Pay — official
2 Mi Pay — Wikipedia
^{China report} In-corpus: reports/countries/CN-china.md

Source

Biography extracted from mi-pay.md. See matrix.md for standards-support matrix if present.