Xiaomi has stopped its financial services in India. Xiaomi used to work in financial services in addition to smartphones, smart TVs and all electronic gadgets in many countries around the world including India. Through this service, Xiaomi used to provide loans to its users easily. For this, Xiaomi also launched two apps named Mi Pay and Mi Credit.
Two apps of Xiaomi have been locked
Now both these apps have been removed from Google Play Store. According to a Reuters report, Mi Pay has also been removed from the recognized apps list of the National Payments Corporation of India (NPCI). Let us tell you that the National Payments Corporation of India is such a body of the Government of India, which recognizes such financial apps that provide online loans. However, no official statement has come out from NPCI till now.
Let us tell you that Xiaomi started this service in India about 4 years ago. Xiaomi India spokesperson said that in the last 4 years, we have provided our facilities to many people with the help of these platforms. He further said that, we will continue to introduce new products and services with new technology and innovation in the future.