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Wallets/mi-pay

Mi Pay (Xiaomi)

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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, cn-cro].

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-cn]] (Samsung Pay China; Samsung Electronics Chinese smartphone mobile wallet) + [[apple-pay-cn]] (Apple Pay China; Apple iPhone mobile wallet) + [[icbc-mobile]] (ICBC Industrial and Commercial Bank of China) + [[ccb-mobile]] (CCB China Construction Bank) + [[boc-mobile]] (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

Source

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

source · docs/wallets/mi-pay/index.md