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Mumbai (Maharashtra), [India], May 8: PayU, a prominent player in India’s digital finance sector, has bolstered its top management with the appointment of Shailesh Paul as the CEO of Wibmo, which is part of PayU and specializes in payment technology, focusing particularly on secure transactions and digital financial solutions. With more than twenty years of expertise in the payments industry, Shailesh is an experienced executive set to lead this division forward.
consumer banking
, along with fintech initiatives throughout Asia Pacific, India, and the Middle East. With his extensive knowledge of the sector and forward-thinking guidance, he will strengthen Wibmo’s role as a pioneer in digital payment systems, promoting advancements and improving security measures for financial institutions and their clients.
As the CEO of Wibmo, Shailesh will spearhead the company’s strategic direction and implementation, fostering ongoing expansion and creativity. His role will be pivotal in establishing global partnerships, thereby enhancing Wibmo’s prominence in areas such as authentication, digital identities, and fraud management. With his guidance, Wibmo aims to expand its secure transaction systems and risk assessment tools, ensuring they meet shifting industry needs and compliance requirements.
Anirban Mukherjee, CEO of PayU, commented on the appointment saying, “This move signifies a strategic advancement as we strengthen PayU’s dedication to innovation and leadership within the realm of digital payments. Given his extensive knowledge and international viewpoint, I believe that under Shailesh’s guidance, Wibmo will uncover fresh avenues for expansion, boost its visibility in the marketplace as a dependable technological pioneer, and solidify our aim to create an outstanding payment technology infrastructure for banking and financial entities. We are thrilled to integrate Shailesh into our leadership cadre at PayU and eagerly anticipate his direction during this pivotal stage of Wibmo’s development.”
Shailesh Paul, CEO at Wibmo, stated, “Wibmo significantly contributes to achieving PayU’s objective of establishing a robust, expandable, and comprehensive financial services platform. Renowned banks both within India and internationally rely on our advanced payment technology solutions, capitalizing on our technical expertise to enhance customer service. I am enthusiastic about integrating with the accomplished Wibmo group and the wider PayU executive team as we transcend traditional limits and generate enduring value via integrity, creativity, and superior performance.”
Before joining Wibmo, Shailesh accumulated more than 18 years of experience at Visa, where he most recently served as the Global Head of SMB Acceptance and formerly led Merchant Acquiring for India and South Asia. Throughout his tenure, Shailesh took on several senior positions in areas such as partnerships, product development, and business development, also gaining valuable insight from his time at Standard Chartered and Mastercard. He is a graduate of the Wharton School of Business Advanced Management Program, Xavier Institute of Management, and Delhi University.
One of India’s premier digital finance service providers, PayU—which counts Prosus among its investors—operates under the regulation of the Reserve Bank of India. The company provides cutting-edge solutions tailored for the country’s digital payment demands. With ambitions to develop a comprehensive digital financial services ecosystem, PayU aims to address both served and unserved monetary needs via technological innovations across their portfolio of Indian enterprises.
PayU provides advanced and award-winning payment gateway services for online businesses, supporting over 5 lakh companies ranging from top Indian corporations to major e-commerce platforms and small to medium-sized businesses. The company facilitates digital transactions using more than 150 payment methods like credit cards, debit cards, net banking, EMIs, buy now-pay later options, QR codes, UPI, wallets, and others. As a favored collaborator within the financial accessibility sector, PayU ensures extensive issuer coverage along with straightforward integration for various financing choices, encompassing card-based EMIs, contemporary pay-later schemes, and innovative card-less EMIs. For e-commerce ventures, PayU guarantees superior industry performance levels alongside an effortless check-out process.
Owned by PayU, Wibmo manages operations across entities located in India, the United States, and Indonesia. This international fintech firm specializes as a comprehensive solution provider for payments and stands out as a frontrunner in payment security and digital transactions within developing economies. Given its position as both India’s premier authentication service provider and a key player in worldwide digital transaction sectors, Wibmo extends additional services such as fraud detection systems, risk management tools, digital finance options, prepaid programs, along with multiple merchant acquisition offerings. For further details, please go to their website.
www.wibmo.co
.
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