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Truecaller Acquires Chillr; unveils Truecaller Pay 2.0

Nami Zarringhalam, Co-Founder, Truecaller, in New Delhi.

Nami Zarringhalam, Co-Founder, Truecaller, in New Delhi.   | Photo Credit: Kamal Narang

Announces a strategic investment into the payment space in India

Truecaller, the company behind the phone number identification app, announced a strategic investment into the payment space in India by acquiring Chillr, a multi-bank payments app.

Last year in March, the Swedish company had announced its foray into the digital payments segment, incorporating the Unified Payment Interface (UPI) based transfers in its app.

'Reaffirming our commitment'

“By acquiring Chillr, we are reaffirming our commitment to mobile payments and strengthening our plans to increase its adoption among our user base,” Truecaller co-founder and chief strategy officer Nami Zarringhalam said in a statement.

The company also unveiled Truecaller Pay 2.0 with new features and bigger integrations With this, the company said it had brought banking and payments features to the forefront of its app. In the coming months, Truecaller said it was planning to roll out credit and other financial services to users in India in a mobile-first way.

The founders of Chillr, Sony Joy, Anoop Sankar, Mohamed Galib and Lishoy Bhaskaran and the rest of the organisation will be joining Truecaller. Mr. Joy will be the Vice President of Truecaller Pay. The company said it plans to leverage its full reach of over 150 million users in India as well as its 300 plus existing partnerships in India to enable Truecaller Pay as a platform.

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Printable version | Apr 6, 2020 5:58:22 PM | https://www.thehindu.com/business/truecaller-acquires-chillr-unveils-truecaller-pay-20/article24156755.ece

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