Press release: Wibmo, a PayU Payments company, is a leading player in digital payments and payment security, has teamed up with Federal Bank to facilitate payment authentication on Federal’s Visa and RuPay credit cards.
A couple of months back, Federal Bank commenced work to enhance its credit card offerings for customers by working with Visa and Rupay. This, inter alia, required a robust system for authenticating payments and the Bank reached out to Wibmo for the same. Wibmo initiated and executed multiple activities parallelly to speed up the process and supported the Bank with a smooth implementation.
“We are elated to be a long-term partner with Federal Bank in India. Wibmo’s robust authentication platform ensures that its customers have a secure and seamless payment experience. This engagement with Federal Bank was another opportunity for us to strengthen our alliance, and I’m happy that we were able to deliver as promised. The achievement goes a long way in strengthening the partnership we already have with this customer-centric bank which has adopted cutting-edge technology to enhance their banking system.”, said Suresh Rajagopalan, CEO, Wibmo Inc.
“Federal Bank has a long-standing relationship with Wibmo, and as an extension of that partnership, the two organizations came together to deliver on the required technology for Visa and Rupay credit cards in record time. Our customers will now have more options to select from while choosing their cards, and Wibmo’s authentication platform will provide them with an impeccable payment journey without compromising with the security aspect,” said Shalini Warier, Executive Director and Business Head – Retail, Federal Bank.
This implementation opens opportunities for Federal Bank to attract additional customers and add to their revenue stream. The customers on other hand, have one more credit option to choose from.