Chinese smartphone maker Xiaomi Corp<\/a> has shut down its financial services business in India, four years after its launch, a Xiaomi India<\/a> spokesperson said on Friday. 中国智能手机制造商小米公司在印度已经关闭了其金融服务业务,推出四年后,一个小米印度发言人周五表示。
\"As part of the annual strategic assessment activity and as a response to enhanced focus on our core business services, we closed the Mi Financial Services<\/a> in March 2022,\" the company spokesperson said.
The company's Mi Pay<\/a> app, which allowed users to make bill payments and money transfers, is no longer listed among the recognized third-party Unified Payments Interface (UPI) apps on the National Payments Corporation of India's (NPCI) website.
The NPCI –– an industry body that oversees India's state-backed peer-to-peer payments network, popularly called UPI –– declined to comment.
Xiaomi<\/a> recently pulled its Mi Credit<\/a>, which connects smartphone users with lending firms for quick loans, and Mi Pay apps from the local Play Store and its own app store, TechCrunch reported earlier on Friday.
In India, Xiaomi's strongest market outside of China, the company has been subject to government probes for allegedly dodging tax regulators.
In April, India's federal financial crime agency froze $676 million worth of Xiaomi's assets, alleging the company made illegal remittances to foreign entities by passing them off as royalty payments.
The Chinese smartphone group, which denies any wrongdoing, has said the action \"effectively halted\" its operations in its key Indian market.
Many Chinese companies have struggled to do business in India due to political tensions following a border clash in 2020.
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“年度战略评估活动的一部分,作为响应增强专注于我们的核心业务服务,我们关闭了Mi金融服务2022年3月,”该公司发言人表示。
该公司的Mi支付应用程序,它允许用户使账单支付和转账,不再列入认可第三方统一支付接口(UPI)应用支付总公司印度(NPCI)的网站。
小米最近把它Mi信贷连接与贷款公司智能手机用户快速贷款,和Mi支付应用程序从本地存储和自己的应用程序商店,TechCrunch周五早些时候报道。
在印度,小米最强大的中国以外的市场,该公司一直受到政府调查涉嫌逃避税收监管机构。
今年4月,印度的联邦金融犯罪机构冻结了小米价值6.76亿美元的资产,指控该公司向外国实体通过他们非法汇款支付使用费。
中国智能手机集团否认有任何不当行为,表示动作“有效停止”业务在印度市场的关键。
许多中国公司都在努力在印度做生意之后由于政治紧张局势在2020年边境冲突。
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Chinese smartphone maker Xiaomi Corp<\/a> has shut down its financial services business in India, four years after its launch, a Xiaomi India<\/a> spokesperson said on Friday.
\"As part of the annual strategic assessment activity and as a response to enhanced focus on our core business services, we closed the Mi Financial Services<\/a> in March 2022,\" the company spokesperson said.
The company's Mi Pay<\/a> app, which allowed users to make bill payments and money transfers, is no longer listed among the recognized third-party Unified Payments Interface (UPI) apps on the National Payments Corporation of India's (NPCI) website.
The NPCI –– an industry body that oversees India's state-backed peer-to-peer payments network, popularly called UPI –– declined to comment.
Xiaomi<\/a> recently pulled its Mi Credit<\/a>, which connects smartphone users with lending firms for quick loans, and Mi Pay apps from the local Play Store and its own app store, TechCrunch reported earlier on Friday.
In India, Xiaomi's strongest market outside of China, the company has been subject to government probes for allegedly dodging tax regulators.
In April, India's federal financial crime agency froze $676 million worth of Xiaomi's assets, alleging the company made illegal remittances to foreign entities by passing them off as royalty payments.
The Chinese smartphone group, which denies any wrongdoing, has said the action \"effectively halted\" its operations in its key Indian market.
Many Chinese companies have struggled to do business in India due to political tensions following a border clash in 2020.
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