Wibmo, a PayU-owned company that provides payment security and digital financial services, has partnered with City Union Bank (CUB) and nStore to launch the ‘Buyer-Side ONDC Module’ for City Union Bank’s retail customers.
The partnership aims to enhance the digital commerce experience for CUB’s retail customers by providing seamless access to the Open Network for Digital Commerce (ONDC).
He National Center for Disease Control The Government of India’s initiative is a transformative project designed to democratize digital commerce and create an open network where buyers and sellers can transact without the need for a dedicated platform.
nStore enables both large enterprises and small merchants to seamlessly leverage the Open Network for Digital Commerce (ONDC).
Empowering CUB’s retail customers
The ‘Buyer-Side ONDC Module’ will provide City Union Bank’s retail customers with greater accessibility, convenience and security in their digital transactions.
“We are delighted to collaborate with City Union Bank and nStore to bring the ‘Buyer Side ONDC Module’ to life. At Wibmo, our focus has always been on improving digital payment experiences through innovation and security. This partnership perfectly aligns with our vision of driving the future of digital commerce in India by giving users the tools they need to transact with confidence and ease,” said Suresh Rajagopalan, CEO, Wibmo.
Comments from the leaders
Dr. N. Kamakodi, MD & CEO, City Union Bank, said, “City Union Bank has always been at the forefront of adopting innovative solutions to meet the evolving needs of our customers. Partnering with Wibmo and nStore to offer the ‘buyer-side ONDC module’ is a step forward in our commitment to provide our retail customers with cutting-edge digital solutions that enhance their shopping experience and offer unparalleled security and convenience.”
Pradeep Sampath, CEO, nStore, added, “We are excited to be a part of this initiative with Wibmo and City Union Bank. At nStore, our aim is to enable seamless digital commerce for everyone. By integrating the ONDC module with Wibmo’s secure payment solutions and City Union Bank’s extensive retail customer base, we are confident that we can deliver a superior digital commerce experience that will benefit both consumers and merchants.”
What does Wibmo do?
Wibmo Inc. is a global end-to-end payment technology company in payment security and digital payments in emerging markets.
The company claims to be India’s largest authentication services provider and one of the world’s leading digital payments marketplaces. It also offers fraud and risk management solutions, mobile payments, prepaid solutions, and a range of merchant acquiring services.
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