Caller identification app Truecaller has tied up with ICICI Bank to allow its 150 million-plus users in India to transfer funds between themselves and vendors through the Unified Payment Interface (UPI).
The move would allow more Indian users to get on the digital payment infrastructure and do small transactions on UPI, including recharging their phone currency. Secured by a two-factor authentication based on RBI guidelines, users can also use Truecaller Pay for pre-paid and post-paid recharges.
With Truecaller Pay, the Swedish company is also pivoting itself from a pure caller identification app to an entity that offers secure payments and video calling with partnership of Google. It also has partnered with Airtel to bring caller ID to hundreds of millions of users.
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