Stockholm-based caller identification platform Truecaller today announced it has partnered with Indian fintech giant Razorpay to provide a fast and secure online checkout experience for shoppers with its 1-Tap, OTP-Less Verification solution.
According to the company's statement, The partnership will enable Razorpay to deliver a faster, seamless checkout experience to the 200 million+ customers that transact via Razorpay’s checkout on an annual basis.
Additionally, The solution will help businesses to reduce drop-offs and increase higher conversion rates.
“We are genuinely thrilled about this partnership, which aims to improve the customer shopping journey with our 1-Tap Verification Solution, specifically designed for businesses setting up their e-commerce platforms. We look forward to building more such frictionless shopping experiences for both businesses and customers. We are eager to further develop and scale solutions for the direct-to-consumer digital ecosystem through this collaboration,” said Priyam Bose, Global Head GTM, Truecaller for Business.
Khilan Haria, SVP & Head of Payments, Product at Razorpay, said, "Our collective vision is to craft exceptional shopping experiences that transcend convenience for both businesses and customers alike. With this 1-Tap Verification feature, customers can now securely and effortlessly bypass the cumbersome multi-step verification process and enjoy the luxury of having their information prefilled with a single tap, streamlining their shopping journey on Android devices.”