Xiaomi discontinues Mi Financial Services in India to focus on core business services

Chinese smartphone maker Xiaomi on Friday announced that it has shut down the Mi Financial Services in India, as per media reports. The decision has been taken as part of its strategic assessment activity and to focus more on core business services in the country.

The company launched Mi Pay in the country in 2019 which garnered more than 20 million users in the country. The company also launched Mi Credit later.