Truecaller Pay: Truecaller Now lets you send & receive money directly through the app

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Top Caller identification app,  Truecaller has tied up with country’s largest private lender ICICI Bank to send and receive payments using mobile numbers. This new feature is called as Truecaller Pay.  Truecaller Pay will allow users of the app in the country to instantly create a UPI ID, send money to any UPI ID or a mobile number registered with the BHIM app. Users can also recharge their mobile number from the Truecaller app.

According to Truecaller official blog, “Truecaller may look like just an app to our users; but behind the scenes we have gone beyond just something you download. We have been able to build a mobile identity platform and ecosystem that more and more people are relying on a daily basis to build safe and meaningful services on top of it.”

“While the Truecaller journey is full of new features to help you solve your daily communication needs, for the first time, we are venturing into a territory that goes beyond knowing who is calling, but once again, it’s an adventure that touches everyone in India.”

“Utilizing the Truecaller Mobile Identity Platform, we’ve partnered with ICICI bank to launch a peer-to-peer payment solution for our Indian users. Together, we’re solving a daily life problem that continues to stay relevant; whether it’s from facing demonetization or to businesses coming online. We will help provide a safe solution for users to send payments (via phone number) to where they need to go.”

“Truecaller users will be able to create their unique Virtual Payment Address (VPA) in the app, and can instantly send or receive money using any Unified Payments Interface (UPI) supported bank. The transaction will be handled by ICICI with Bank Grade Security and Truecaller will not park any money or handle sensitive data such as account details, credit/debit card information of it’s users.”.

Along with this feature, Truecaller also announced a completely new redesign of the Android app with all new features at its first annual “Stay ahead” event.

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