Truecaller has acquired payments startup Chillr to strengthen its payments business in the country. The Swedish company said it will roll out credit and other financial services to Indian users in the coming months.
Chillr co-founder Sony Joy will join as the vice president of Truecaller Pay, while the full team will be absorbed by the company. The Stockholm-headquartered company will also double its team size in India.
Truecaller has a user base of 150 million users in India. It also has 300 partners in the country, where it will leverage its payments feature. "We want to be the top three payments ecosystem in the country in the next few months," Joy said.
Truecaller had enters the digital payments space in India with UPI last year. The company is now integrating payments as a core part of its offering, co-founder Nami Zarringhalam told ET in April this year.
"By acquiring Chillr, we are strengthening our plans to increase mobile payments adoption amongst our user base," said Zarringhalam adding that users will soon be able to make bill payments using its service in a matter of weeks.