Xiaomi shuts down its Wi-Fi service in India: Chinese smartphone maker Xiaomi has closed its financial business in the Indian market, though it is yet to be confirmed by the company. According to reports, Xiaomi has removed the Mi Pay and Mi Credit apps from its App Store and Google Play Store.
what happened on
Mi app users can transfer money and make various payments. The Mi Pay app has also disappeared from the National Payments Corporation of India’s list of apps. Commenting on this, a Xiaomi India spokesperson said, “We have discontinued Mi Financial Services to focus on other core business services. In a short span of four years, we have been able to add thousands of subscribers.
Xiaomi’s bank account has also been seized
We are working with our partners and supporting our customers throughout this process. We will continue to bring the latest technologies and innovations in the future. We tell you that Xiaomi is under tax investigation in India. Xiaomi’s bank account has been seized in the country. It contains about Rs.5,500 crore. Xiaomi approached the Karnataka High Court, but the court refused to hear it.
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