Truecaller acquires payments app Chillr

Thursday, 14 June 2018, 03:55 Hrs
17
cmt right
27
Comment Right
48
cmt right
8
cmt right
Printer Print Email Email


Aiming to strengthen its business in India, Truecaller on Wednesday announced it has acquired Chillr -- the country's first multi-bank payments app.

Truecaller forayed into the digital payments segment in India in March last year.

"Since launching 'Truecaller Pay' in 2017, we've seen an increasing number of use cases to make the lives of our users in India easier. 

"By acquiring Chillr, we are reaffirming our commitment to mobile payments and strengthening our plans to increase its adoption amongst our user base," Nami Zarringhalam, Co-founder and Chief Strategy Officer, Truecaller, said in a statement.

The founders of Chillr -- Sony Joy, Anoop Sankar, Mohamed Galib and Lishoy Bhaskaran -- will join Truecaller and Joy will be appointed Vice President of Truecaller Pay. 

According to Chillr, it is planning to leverage its full reach of over 150 million users in India as well as its over 300 existing partnerships to enable Truecaller Pay as a platform.

"We will, together, have a far bigger impact in this space through the foundation of the team's expertise and a strong user base that trusts our platform and use it on a daily basis," said Zarringhalam.



Read more news:

Musk: Tesla to lay off 9% workers

ISRO to transfer lithium ion cell technology for Rs 1 cr


Source: IANS
SPOTLIGHT
Career
Wiley, a global leader in research and education has announced a series of blended learning progr..
Entertainment
"Game of Thrones" author George R.R. Martin doesn't want season eight to be the final chapter of "..
Finance
The Reserve Bank of India injected a total liquidity of Rs 2.98 lakh crore in the market in 20..
Business
The Pentagon has selected Microsoft and Amazon Web Services (AWS, the cloud computing arm ..
Technology
Facebook-owned messaging app WhatsApp is still developing its previously announced "Vacatio..
Enterprise IT
Taking on streaming giants like Netflix and Hulu, Walt Disney Co. has announced it will laun..
US Indian
Facebook-owned photo messaging app Instagram has launched the beta version of its in-app sh..
Gadgets
Google Pixel and OnePlus smartphones are catching up and giving stiff competition to Samsu..
Startup City
Youth are leading India's start-up ecosystem where the median age of founder-entrepreneurs..