Xiaomi to launch Mi Pay mobile payments in India?

Chinese firm awaiting RBI approval to start India operations — The Hindu BusinessLine — “According to sources, Chinese mobile smartphone maker Xiaomi is ready to launch its payment service, Mi Pay, in the growing Indian payments market. Xiaomi, currently India‚Äôs second-largest smartphone seller, has already conducted trials and testing of the UPI service, and is awaiting RBI approval for the launch, said two sources.”