Truecaller revealed that India receives an overwhelming majority of spam calls
India ahead of US, Brazil, Chile & SA with an average user receiving over 22 spam calls a month
However, the service is only available with Bharti Airtel's network
Caller identification app Truecaller has tied up with ICICI Bank to allow its over 150 million 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 the RBI guidelines, users can also use Truecaller Pay for prepaid and postpaid 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."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. Today we are finally able to showcase the .
Truecaller integration with Google Duo will be available in the coming months for Android and iOS
This is Arun Sarin's third investment after Ola and music streaming company Saavn
Hopes to have 200 mn users by 2016
The service will allow apps to verify user sign-ups with nothing more than their phone number
It aims to empower third party apps with credible verification option and enable users to use the app of their choice by making their phone numbers their identity