Swedish Startup Truecaller Gets Into Mobile Payments in India
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Swedish startup Truecaller has become the newest entrant in India’s busy digital payments space, via a tie-up with ICICI Bank Ltd. to offer a local mobile-payments service.
The caller-ID service and spam-filtering startup announced on Tuesday that users can send and receive money through its smartphone app without passwords or banking codes. The service links bank accounts and sits atop Truecaller’s mobile-identity service, which was the third-most downloaded app in India last year.