Wibmo Partners with City Union Bank (CUB) and nStore to Offer ‘Buyer Side ONDC Module’ for Retail Customers
Bengaluru, India 06th August 2024 – Wibmo, a PayU company and a leader in payment security and digital financial services, is pleased to announce a strategic partnership with City Union Bank (CUB) and nStore to launch the ‘Buyer Side ONDC Module’ for retail customers of City Union Bank. This initiative 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. The introduction of the ‘Buyer Side ONDC Module’ by Wibmo, in collaboration with City Union Bank and nStore, will empower CUB’s retail customers with greater accessibility, convenience, and security in their digital transactions.
Suresh Rajagopalan, CEO of Wibmo, expressed his excitement about the partnership: “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.”
Dr. N. Kamakodi, Managing Director & CEO of City Union Bank, shared his thoughts on the collaboration: “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.”
The launch of the ‘Buyer Side ONDC Module’ represents a significant milestone in the digital payments landscape, enabling a more inclusive, secure, and efficient digital marketplace. Wibmo, City Union Bank, and nStore are committed to continuing their collaboration to deliver innovative solutions that drive growth and customer satisfaction in the rapidly evolving digital economy.