Wibmo – Specialist In Processing 3D Secure Processing Of Online Payments
South African Fintech Group Naspers Owned PayU is reportedly in talks to acquire online payments platform Wibmo.
The transaction expected value is at $60 million as per the report. Wibmo has offices in Bengaluru and California offering digital payment solutions including 3D secure process where in the user is directed to a highly secured page and asked to punch in their passwords or one-time-passwords (OTPs) to authenticate online transaction.
As per earlier report, PayU was in talks to acquire 25-30% stake in Sequoia India backed digital lending start up Capital Float for up to $150 million.