Crunchfish partner with global payment platform provider Wibmo
Crunchfish partner with Wibmo, a PayU company and an industry leader in payment security and digital payments, to add offline payments to their Digital Banking platform. Wibmo is a global full-stack PayTech company, an industry leader in payment security and digital payments in emerging markets, partnering with 160+ banks & fintechs across 30+ countries.
Crunchfish and Wibmo have entered a partnership for integration of Digital Cash into Wibmo’s Digital Banking platform. With Digital Cash integration, Wibmo’s customers will be able to process offline payments – payers will not have to worry whether they have mobile internet data connectivity or not. Payments will work regardless of whether there is connectivity at customer’s end or at merchant’s end. Moreover, offline payments will be available as a modular, plug and play module within Wibmo’s Digital Banking platform.
“The integration with Crunchfish will enable our customers to offer digital payments to the financially excluded and the underserved population. This will truly help people reap the benefits of the digital economy. Crunchfish are an innovator and leader in offline payments and this partnership will further enhance our Digital Banking platform capabilities to support Offline Payments”, says Suresh Rajagopalan, CEO Wibmo.
“Partnering with Wibmo is a strategic step to accelerate global adoption of Crunchfish Digital Cash. Wibmo have impressive and proven technology, serving more than 160 Banks and Fintechs in 30+ countries, to which offline payments can now be offered as well. This strengthens also the CBDC offering of both parties”, says Joachim Samuelsson, CEO Crunchfish.
About Wibmo
Wibmo Inc., a Cupertino, California company, is a subsidiary of PayU. It is a global full-stack PayTech company, an industry leader in payment security and digital payments in emerging markets, partnering with 160+ banks & fintechs across 30+ countries. The company is the largest authentication service provider in India, one of the world's leading digital payments markets. It also offers fraud and risk management solutions, mobile payments, prepaid solutions, and a host of merchant acquiring services. Learn more about Wibmo: https://www.wibmo.co/
For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com
This information is Crunchfish AB obliged to publish in accordance with the EU Market Abuse Regulation. The information was provided by the contact person above for publication 17 January 2023 at 08:30 CET.
Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.
About Crunchfish – crunchfish.com
Crunchfish are a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish are listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.
