Mi Pay - Payment App by Xiaomi

Mi Pay is a secure, fast & reliable payments app by Xiaomi. The app allows the users to make payments, take instant loans at low interest rates & allows users to buy Health Insurance (powered by ICICI Lombard). Just link your bank account, create UPI ID & get ready to go on your financial journey.
Major highlights of Mi Pay:
•Online Recharge & Bill Payments:  Manage & pay all your utility bills, including landline, electricity, gas & water bills across India. You can also recharge your prepaid & DTH connections online.
•Apply for loan & check credit report:  Get a personal loan up to ₹25 Lakhs credit at low interest rates instantly with ease in just 5 minutes. Also, check credit report online for free & save up to ₹1200.
Some Details: Loan amount: From ₹5,000 to ₹25,00,000;
Interest rates: From 10% to 36% per annum;
Tenure: 91 days to 24 months

Personal loan example:
Loan amount: ₹20,000
Tenure: 6 months
Interest rate: 16.2% per annum
Processing fee: ₹400 (2%)
GST on processing fee: ₹72
Total interest: ₹956
EMI: ₹3493
APR: 36%
Loan amount: ₹20,000, Disbursed amount: ₹19,528. Total loan repayment amount is ₹20,956.
•Get Health Insurance Plan  You can buy Health Insurance plan (powered by ICICI Lombard) for you & your family starting at just ₹500 per month. 
•Money Transfers:  Send & Request Money directly from your bank account using UPI ID or Account & IFSC or from your contacts without paying any transaction charges & no wallet top-ups
•Manage Bank Accounts:  Link account, check account balance of all your bank accounts like ICICI, HDFC, SBI Bank & over 140+ banks, which are enabled on UPI. visit https://www.npci.org.in/bhim-live-members
•Scan & Pay:  Scan at any online store, E-commerce website, local Kirana or any offline store where you see UPI QR code
•Book IRCTC train tickets: Easily book your train tickets with ConfirmTkt with the support of IRCTC. You also get an option to book tatkal tickets & can get refunds on cancellation.
•Book flight tickets: For Air India, Indigo, Vistara & all the other airlines with Huge discounts & offers with the support of EaseMyTrip
•Order Food Online: Best offers & deals on your favorite food; food ordering is made convenient for you with the best food ordering platform Freshmenu
•Avail Life Insurance Cover: Get your life cover of ₹2 Lakh with Kotak Life Insurance for you & your family only at less than ₹1 per day
•Buy, Sell & Invest in 24K Gold: SafeGold provides you a convenient platform to transact in certified, 24K vault stored gold. Buy & Sell Anytime

Frequently Asked Questions: 
1. How to download Mi Pay? 
Mi Pay is available on both the platforms Google Play store & GetApps. MIUI users can download Mi Pay from GetApps & Non-MIUI users can download from Google Play store.
2. What is the feature difference between the Google play store version & GetApps Version? 
Features of both apps are similar; since Mi Pay on Xiaomi Phones is part of MIUI system app & is deeply integrated with MIUI apps. 
On MIUI users, it can be accessed from:
→Contacts >> Send & Request money by selecting any Mi Pay Enabled Contact
→SMS >> Select any Mi Pay Enabled Contact & Select Transfer money
→Scanner app >> Scan any UPI QR >> Proceed to pay with Mi Pay
→App Vault >> Recharge, Send Money & Check Balance
3. What are the permissions taken on Mi Pay? 
Following are App permissions & reasons:
→SMS - Required to auto-read your OTP’s & register for UPI
→Contacts - To identify the contacts you want to send money & recharge
→Camera - To scan UPI QR codes
→Call - To detect the sim you wish to create your UPI ID
→Location - To find nearest store to order food & also required by NPCI for UPI transactions
•Storage – To pick UPI QR code from gallery
For any queries or feedback, contact our customer support team by writing to us at [email protected]