14-Jun-18, Pymnts
While Sweden’s Truecaller is not new to the Indian payments ecosystem, it entered the India mobile market during the launch of the nation’s Unified Payments Interface (UPI). With the announcement of its wholesale acquisition of Indian payments startup Chillr, it is leveling up its ambitions considerably.
%20Pymnts.jpg "Truecaller Thinks It can beat Paytm in India (c) Pymnts")
Image: Pymnts
"We want to be in the top three payments ecosystem in the country in the next few months," Chillr CEO Sony Joy said.
Truecaller is still significantly smaller than the two largest competitors currently circling each other in India's mobile payments ring: Paytm boasts 230 million registered users and WhatsApp has 200 million monthly active users.