Truecaller set to tap Indian financial spectrum

BENGALURU: Sweden-headquartered caller identification application Truecaller is all set to expand its product portfolio and tap into the full spectrum of financial services in India, mainly leveraging the acquisition of instant messaging application Chillr.
While the company had already laid out initial plans to start lending just after the acquisition, Chillr founder Sony Joy, who has become the vice-president of Truecaller Pay, said that pilot testing is set to start and by May, the company would be able to launch the product.
Beyond financial services, Truecaller intends to become a fullstack platform to offer an all-encompassing consumer journey from origination to payments.
“We were deeply integrated with more than 300 applications which allowed consumers to check in using Truecaller credentials. Now, we are also piloting with a few apps to introduce payments as well using Truecaller Pay,” said Joy.