chillr | Pixr8 News

Bank of Baroda Ties Up with Truecaller to Facilitate UPI Payments

10Oct By Gauri SinghNo Comments

BUSINESS

Bank of Baroda Ties Up with Truecaller to Facilitate UPI Payments

The popular Indian bank called Bank of Baroda has partnered with True Software Scandinavia, which is the parent company of the caller-ID app Truecaller. This move has been taken to enable digital payments using BHIM Baroda Pay UPI Service. Following the deal, those who register for payments under the UPI platform through the Truecaller app will get a @barodapay handle. This will be the address for receiving or sending money from their bank accounts. “We are getting in people who have been outside of the e- payments system in a frictionless way as many phone users already have Truecaller app installed,” BoB head fintech and new business initiatives Akhil Handa said. With this, Truecaller has launched its account-to-account payment service before Whatsapp. Truecaller’s service is fully ...

Truecaller acquires Sequoia Backed Payment Startup Chillr

13Jun By Lavina TolaniNo Comments

ACQUISITION

Truecaller acquires Sequoia Backed Payment Startup Chillr

Sweden based caller identification app Truecaller has acquired payment startup Chillr to boost its payment business in the country, as announced at a press conference in Bengaluru on Wednesday. The acquisition has come in just after the company announced to roll out credit and other financial services to Indian users in the coming months. Chillr team members which include Anoop Sankar, Sony Joy, Mohamed Galib and Lishoy Bhaskaran will be absorbed into the company with co-founder Sony Joy serving as the vice president of Truecaller Pay. Notably, Truecaller had ventured into digital payments last year in India with its UPI service. Co-founder Nami Zarringhalam had earlier informed that the company is incorporating payments as a core part of its offerings. Commenting on the recent a...

HDFC Bank Chief Aditya Puri Says Wallet Players Like Paytm Have No Future

18Feb By NitishNo Comments

Entrepreneurs Talk

HDFC Bank Chief Aditya Puri Says Wallet Players Like Paytm Have No Future

In one of the sharpest comments against prepaid wallets like Paytm, HDFC Bank chief Aditya Puri today said such companies which hold on to customers through cash-backs are loss-making and have "no future". "I think wallets have no future. There is not enough margin in the payment business for the wallets to have a future," Puri, the managing director and chief executive of the second largest private sector lender, said at the annual Nasscom summit here. "Wallets as a valid economic proposition is doubtful. There is no money in the payments business. The current loss reported by market leader Paytm is Rs 1,651 crore. You cannot have a business that says pay a Rs 500 bill and take Rs 250 cash-back," Puri said. Wallet companies cannot "copy" the "Alibaba model" as well, as the domest...

Chillr is Not a Wallet, We Have No Direct Competitors- Sony Joy, Founder of Chillr

25Feb By NitishNo Comments

Entrepreneurs Talk

Chillr is Not a Wallet, We Have No Direct Competitors- Sony Joy, Founder of Chillr

Meet Mr. Sony Joy, the Co-founder at MobME Wireless and CEO at Chillr, which is building a digital banking ecosystem connecting banks, customers, businesses and enterprises in an intuitive and mobile-first way. Chillr is a multi-bank mobile banking application that links directly to your bank account and helps you make easy money transactions. You can use Chillr to send and receive money, recharge your mobile phone, data card and DTH and also make payments at stores. We interviewed him on recent successful approach of chillr towards payment banking system, 1. Could you explain the end-to-end process of sending money via Chillr? As a customer, you initiate a payment by selecting the “Pay” option on our App and authenticating the payment using the MPIN. We then validate the de...