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

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.

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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.

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“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.