financetom
Business
financetom
/
Business
/
Truecaller blames bug after Indian users complain about registration without consent for payment service, says report
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Truecaller blames bug after Indian users complain about registration without consent for payment service, says report
Jul 30, 2019 7:55 AM

Truecaller has rolled out an update after complaints emerged about a previous version that allegedly signed up an unspecified number of Indian users to its payments service without consent, reported TechCrunch.

The development, the report said, comes after many users in the country started to complain on Monday that they were registered into Truecaller’s payment service, Truecaller Pay, without their knowledge. Truecaller, which has over 10 crore users in India, issued a statement saying the error occurred due to a bug in the previous version of the app.

Thread. I fell victim to a @Truecaller UPI scam this morning. @npci_npci @upi_npci.

— Dheeraj Kumar (@codepodu) July 30, 2019

“We have discovered a bug in the latest update of Truecaller that affected the payments feature, which automatically triggered a registration post updating to the version. This was a bug and we have discontinued this version of the app so no other users will be affected,” Truecaller spokesperson said in a statement.

Truecaller added payments service to its app for Indian users two years ago. The feature operates based on the government-backed Unified Payments Interface (UPI) payments infrastructure. By February this year, around 10 percent of Truecaller users in India had signed up to Truecaller Pay, according to the TechCrunch report.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Loblaw Ratings Confirmed at DBRS
Loblaw Ratings Confirmed at DBRS
May 17, 2024
09:05 AM EDT, 05/17/2024 (MT Newswires) -- Morningstar DBRS on Thursday confirmed the issuer rating, the medium-term notes credit rating, and the debentures credit rating of Loblaw ( LBLCF ) at BBB (high). Additionally, the rating agency confirmed Loblaw's ( LBLCF ) second preferred shares credit rating at Pfd-3 (high). All trends remain stable. The Canadian retailer's shares edged up...
Teva Pharmaceutical Industries Insider Sold Shares Worth $470,794, According to a Recent SEC Filing
Teva Pharmaceutical Industries Insider Sold Shares Worth $470,794, According to a Recent SEC Filing
May 17, 2024
09:06 AM EDT, 05/17/2024 (MT Newswires) -- Amir Weiss, Chief Accounting Officer, around May 15, 2024, sold 28,135 shares in Teva Pharmaceutical Industries ( TEVA ) for $470,794. Following the Form 4 filing with the SEC, Weiss has control over a total of 5,179 shares of the company, with 5,179 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/818686/000095017024061334/xslF345X03/ownership.xml Price: 16.17, Change: -0.13,...
What's Going On With XPeng Stock On Friday?
What's Going On With XPeng Stock On Friday?
May 17, 2024
XPeng Inc. ( XPEV ) shares are trading lower in the premarket session on Friday. The company reportedly expressed concerns that new U.S. tariffs on Chinese EVs could impede progress toward carbon neutrality and the green energy transition, Reuters reported. “It will result in higher costs,” Xpeng ( XPEV ) co-President Brian Gu told media in Hong Kong where the company launched two EV models, Reuters added....
Summit Midstream Partners, LP Insider Sold Shares Worth $340,300, According to a Recent SEC Filing
Summit Midstream Partners, LP Insider Sold Shares Worth $340,300, According to a Recent SEC Filing
May 17, 2024
09:00 AM EDT, 05/17/2024 (MT Newswires) -- Jerry L Peters, Director and Director of Summit Midstream GP, LLC, the general partner of Summit Midstream Partners, LP ( SMLP ) on May 14, 2024, sold 10,000 shares in Summit Midstream Partners, LP ( SMLP ) for $340,300. Following the Form 4 filing with the SEC, Peters has control over a total...
Copyright 2023-2026 - www.financetom.com All Rights Reserved