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’s 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.”
- China publishes face recognition payments guidelines
- India requires banks to let cardholders opt in to contactless payments
- Huawei Pay expands to Pakistan
- One million Brits now use open banking
- Venmo adds branded animated emojis to payment messages
