Mi Pay has added a gold trading option in India to let consumers buy and sell gold in real-time. Once purchased, you have the option to store the gold in a vault operated by a Mi partner or get it delivered at your doorstep. Xiaomi has partnered with gold investment startup SafeGold to enable the new feature on the Mi Pay app that debuted as a beta in December 2018. With the latest addition, the Mi Pay has become a more closer competitor to Google Pay, Paytm, and PhonePe, all of which have the option to purchase or sell gold.To enable purchasing and selling of gold, the Mi Pay app has added a dedicated Gold option. Customers also have the option to securely store their 24-karat physical gold with vaulting firm Brink’s India. Alternatively, the app allows delivery of the purchased gold.
