Truecaller Acquires Funds App Chillr, Pronounces Truecaller Pay 2.zero Launch
Aiming to strengthen its enterprise in India, Truecaller on Wednesday introduced it has acquired Chillr. Truecaller forayed into the digital funds phase in India in March final 12 months. The corporate additionally introduced the launch of Truecaller Pay 2.zero, and stated the scale of its crew in India has greater than doubled with the acquisition.
“Since launching Truecaller Pay in 2017, we have seen an growing variety of use instances to make the lives of our customers in India simpler. By buying Chillr, we’re reaffirming our dedication to cell funds and strengthening our plans to extend its adoption amongst our consumer base,” Nami Zarringhalam, Co-founder and Chief Technique Officer, Truecaller, stated in a statement.
The founders of Chillr – Sony Pleasure, Anoop Sankar, Mohamed Galib and Lishoy Bhaskaran – will be a part of Truecaller, together with the remainder of the crew. Pleasure can be appointed Vice President of Truecaller Pay.
In response to Chillr, it’s planning to leverage its full attain of over 150 million customers in India in addition to its over 300 present partnerships to allow Truecaller Pay as a platform.
“We’ll, collectively, have a far greater impression on this area by the inspiration of the crew’s experience and a robust consumer base that trusts our platform and use it each day,” stated Zarringhalam.
Truecaller Pay is a UPI-based cell funds service that was launched in partnership with ICICI Financial institution. All of the banking and transactional knowledge of the shoppers is dealt with by ICICI Financial institution as per RBI tips, and Truecaller won’t deal with knowledge corresponding to account particulars, or credit score or debit card info of its customers. It has been designed as a function inside the Truecaller app itself – you will not must obtain or set up any standalone app.