This release does not have a Play Store Description, so we grabbed one from version 2.0.11:

Mi Pay – Payments for Everyone / Let Mi Pay
Confused with multiple UPI apps? Mi Pay is here to solve your problem by integrating UPI money transfers, recharges and bill payments in your MI phones

About Mi Pay
Mi Pay is a revolutionary payment technology that is deeply integrated in your Mi Phones, Mi Pay is an interoperable, secure, faster and a reliable UPI app (Unified Payments Interface) developed by Xiaomi Technology and is preloaded in all Mi Phones. Mi Pay allows users to quickly transfer money between your friends & family, Pay to any store or merchants accepting UPI and allows you to recharge and pay your utility bills.

Features & Benefits of Mi Pay
MI Pay offers the following features to its users:
• No need to download any UPI app
• Link and access your bank account of any UPI enabled bank on Mi Pay
• Pay from the contacts, Scanner, app vault screen & SMSs
• Send or Request money from your friends & family simply by their UPI ID or account number
• Recharge your mobile for all major operators
• Pay for your postpaid mobile, landline, broadband & DTH
• Pay for utility services (Water, Gas, Electricity)
• Pay for goods or services at any shop or merchant that accept UPI payments
• Generate & Change the UPI PIN for your bank account
• Check the balance of your linked bank account
• Pay by scanning any UPI or Bharat QR codes
• Generate personal static/dynamic QR code for receiving payment from other UPI users
• Check transaction history

Important points to remember
• You should Sign in / Sign up into MI Account
• Mobile number of the user should be registered with the selected bank for using UPI
• User should have a valid debit card to set UPI PIN
• User should keep Debit Card/Credit Card / Netbanking / UPI PIN handy during the selected payment mechanism

From where you can access Mi Pay
Mi Pay can be accessed from the following touch points:

• Settings >> Mi Pay Account
• Contacts >> Select any Mi Pay Enabled Contact
• SMS >> Select any Mi Pay Enabled Contact & Select Transfer money
• Scanner app >> Scan any UPI QR >> Select Mi Pay as a payment option
• Shortcut on app vault page
• Download MiPay from Mi Apps

Transaction Limits
The amount of money that can be transferred per day per transaction is limited to Rs. 1,00,000 (Rupees One Lakh) defined by NPCI and also depends on the individual banks.

Banks Enabled on Mi Pay:
Visit www.npci.org.in/bhim-live-members to check the banks enabled on UPI

Fees
Xiaomi reserves the right to introduce any fees or charges in the future. Please check with your bank for any transaction charges that may be applicable for transactions done through UPI using MI Pay. MI Pay will not notify users on any change or introduction of fees by respective banks or NPCI.

ICICI Bank’s Terms
MI Pay is offered by Xiaomi in association with ICICI Bank. Therefore, you will also be bound by the terms and conditions of ICICI Bank, available at www.icicibank.com/terms-condition/unified-payment-interface-tnc.page.

Contact us

You can contact us when you meet any problem of MI Pay.
There are two ways to contact us:
1. Call us: 1800 103 6286 (Service hours: 09:00 -21:00)
2. Email us: [email protected]