Wibmo partners with City Union Bank, nStore to offer ‘Buyer Side ONDC Module’ for retail customers

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 retail customers of City Union Bank. 

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). 

The ONDC initiative by the Government of India is a transformational 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 leverage the Open Network for Digital Commerce (ONDC) seamlessly.

Empowering CUB's retail customers

The ‘Buyer Side ONDC Module’ will empower City Union Bank's retail customers with greater accessibility, convenience, and security in their digital transactions. 

“We are thrilled 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 enhancing digital payment experiences through innovation and security. This partnership aligns perfectly with our vision of driving the future of digital commerce in India by empowering users with the tools they need to transact with confidence and ease," said Suresh Rajagopalan, CEO of Wibmo.

Leadership comments

Dr. N. Kamakodi, Managing Director & CEO of 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. The partnership with Wibmo and nStore to offer the ‘Buyer Side ONDC Module’ is a step forward in our commitment to providing our retail customers with cutting-edge digital solutions that enhance their shopping experience and offer unparalleled security and convenience.” 

Pradeep Sampath, CEO of nStore, added, “We are excited to be part of this initiative with Wibmo and City Union Bank. At nStore, our goal is to enable seamless digital commerce for all. 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 offer a superior digital commerce experience that will benefit consumers and merchants alike.” 

What does Wibmo do? 

Wibmo Inc. is a global full-stack paytech company in payment security and digital payments in emerging markets.

The company claims to be India’s largest authentication service provider and one of the world’s leading digital payment markets. It also offers fraud and risk management solutions, mobile payments, prepaid solutions, and a host of merchant-acquiring services.