Wibmo, a leading technology and service provider for the financial services industry was founded in Cupertino, CA in 1999. It is a global full-stack PayTech company and an industry leader in payment security and digital payments in emerging markets, partnering with 130 banks across 25 Countries. The company is the largest authentication service provider in India, one of the world's leading digita
l payment markets. It also offers solutions ranging from mobile payments, fraud and risk management, prepaid solutions, and a host of merchant and acquiring services. Wibmo crossed the 1 billion mark in the number of transactions by 2017, recently crossing the 3 billion mark too across merchant acquiring, prepaid, and fraud platforms to truly evolve as the only full-stack payment processing company which is 3DS2.0 certified [early industry leaders to fully comply 3DS2.0]
Wibmo has a strong foothold across the globe, including countries such as the USA, Philippines, Indonesia, UAE, Kenya, Nigeria, and South Africa, the company currently operates out of Bangalore, India. Going further, the brand envisions to increase its strong global footprint with a presence in key countries across APAC, Europe, the Americas, and MEA. Wibmo is also focused on enhancing its holistic learning culture with a strong leadership pool to drive this vision while leveraging cross-sell opportunities, capability enhancement, adaptive platforms, and a skilled talent base. On the back of its vast value proposition and robust expansion over the next few years, Wibmo was acquired by PayU in 2019. PayU, the payments, and fintech business of Prosus which is a company owned by the Naspers is a leading financial services provider in growth markets across the globe. It caters to merchants and consumers across 50+ markets, using its expertise and heritage in cross-border and local payments. PayU delivers fast, simple, and efficient financial services technology that unlocks access to more than 2.3 billion consumers across Asia, Central and Eastern Europe, Latin America, the Middle East, South East Asia, and Africa. India is the largest market for PayU, accounting for more than half of its overall business. Prosus witnessed a total revenue increase by US$1 786m, or 54%, from US$3 330m in the year ended 31 March 2020 to US$ 5116m in the year ended 31 March 2021. Security and compliance are always on top of priority at Wibmo. The company’s net set of policies is in line with regional and regulatory compliance including GDPR, ISO27K, ISO27701, ISO2701, SOC2, PCI, PA-SSLC, RBI, MAS-TRM, etc. The company is also targeting to be certified in several other industry-leading certifications. Wibmo's Accosa IVS, ACS products are certified under EMVco, Visa, MasterCard, Amex, Union Pay, and Rupay. Operating with a team of 650+ Payment domain experts, Wibmo revels in its key tenets of unique value creation, customer-centricity, overseas expansion, and nurturing talent. Wibmo's flagship ACS product, ACCOSA IVS, enabling EMVCo protocol-based CNP authentication has won the prestigious IBS Intelligence Global Fintech Innovation Awards 2021 for 'Best Retail Payments System Implementation: Best Project Implementation.'
The company's other flagship product TRIDENT FRM is a two times award winner, the product won 'Best in Future of Trust' at the esteemed IDC Future Enterprise Awards India, 2021, and 'Security Innovation of the Year' at the renowned Payments Industry Awards, 2021.
