Wibmo, a PayU company and a pioneer in digital financial services and payment security, is delighted to announce a strategic partnership with City Union Bank (CUB) and nStore to release the ‘Buyer Side ONDC Module’ for retail customers of City Union Bank.
By offering seamless access to the Open Network for Digital Commerce (ONDC), this initiative is designed to improve the digital commerce experience for CUB’s retail customers.
The ONDC initiative, a transformational project developed by the Government of India, is intended to democratize digital commerce and establish an open network that enables buyers and vendors to conduct transactions without the necessity of a dedicated platform.
By partnering with City Union Bank and nStore, Wibmo will introduce the ‘Buyer Side ONDC Module’, which will provide CUB’s retail consumers with enhanced security, convenience, and accessibility in their digital transactions.
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The ‘Buyer Side ONDC Module’ is a significant milestone in the digital payments landscape, as it facilitates a digital marketplace that is more efficient, secure, and inclusive. The digital economy is swiftly evolving, and Wibmo, City Union Bank, and nStore are dedicated to delivering innovative solutions that drive growth and customer satisfaction. They are committed to continuing their collaboration.
Suresh Rajagopalan, CEO of Wibmo, said: “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.”
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