>>     >>     >>   ICICI Bank joins hands with Truecaller for UPI-based payment service

ICICI Bank joins hands with Truecaller for UPI-based mobile payment service

Called Truecaller Pay, it will allow users of the app to instantly create a UPI id, send money to any UPI id or a mobile number registered with the BHIM app,


  |  Updated On : March 28, 2017 05:27 PM
Representational Image of ICICI Bankl (source: Getty)

Representational Image of ICICI Bankl (source: Getty)

New Delhi :  

For a new UPI-based mobile payment service, the ICICI Bank has announced a partnership with mobile app firm Truecaller. 

Called Truecaller Pay, it will allow users of the app to instantly create a UPI id, send money to any UPI id or a mobile number registered with the BHIM app, ICICI Bank said in a statement.

It will also enable users to recharge their mobile number from within the Truecaller app itself, it said.

Also read:  RBI denies reports of introducing new denomination notes as of now

The statement claimed that the partnership makes the Truecaller - ICICI Bank platform among India’s largest mobile payment platform with 150 million customers of the app gaining access to UPI-based payments.

Any user of Truecaller app, including non-ICICI Bank customers, can link their account of any bank (participating in UPI) to create a UPI id and instantly make payments in a safe and secure manner, it added.

All transactions of Truecaller Pay, powered by ICICI Bank, follow two factor authentication as per RBI guidelines for secure transfer of money.

Read More: Maruti Vitara Brezza sales cross over 1.1 lakh units in 1st year of launch

“All sensitive data relating to account details, card details information of users as well as transfer of monies will be securely handled and stored in the state-of-the-art servers of ICICI Bank in line with NPCI and RBI guidelines,” it said.

First Published: Tuesday, March 28, 2017 05:17 PM


Download the News Nation Mobile App and stay connected with top stories from India and around the world. Available on Android and IOS.


NEXT STORY