MoneyWorks4Me

ICICI Bank partners with Truecaller to launch UPI based mobile payment service

28 Mar 2017 Evaluate

ICICI Bank has entered into partnership with Truecaller, a leading Swedish communication company and India’s third most used app to power a new UPI based mobile payment service. Christened ‘Truecaller Pay’ will allow millions of 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. It will also enable users to recharge their mobile number from within the Truecaller app itself.

This partnership makes the Truecaller-ICICI Bank platform among India’s largest mobile payment platform with 150 million customers of the app gaining access for UPI based payments. Any user of Truecaller app, including non-ICICI Bank customers can link their bank account of any bank (participating in UPI) to create a UPI id and instantly make payments in a safe and secure manner. IDBI Bank is first bank globally to associate with Truecaller in their maiden foray into financial services.

ICICI Bank Share Price

1422.00 -54.95 (-3.72%)
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Peers
Company Name CMP
HDFC Bank 732.00
ICICI Bank 1422.00
Axis Bank 1238.00
Kotak Mahindra Bank 392.00
Indusind Bank 1025.00
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