Wibmo Services & Ayoconnect team to secure digital payments across SEA

By Gloria Mathias

PT Wibmo Services Indonesia and Ayoconnect, payment security and Open Finance solutions, respectively, have announced a strategic partnership.

This collaboration aims to boost the security landscape for digital payments for businesses across Southeast Asia. The partnership will focus on integrating advanced security solutions into the card and notecard offerings.

This empowers businesses to leverage both Wibmo’s expertise in fraud detection and prevention and Ayoconnect’s extensive Open Finance platform. This collaborative approach ensures robust transaction security, paving the way for a more secure and seamless digital payment experience.

Combining Strengths for Secure Innovation Established in 2016, Ayoconnect leads the way in Open Finance throughout Southeast Asia. Wibmo, with over 20 years of experience in payment security, fosters innovation across Southeast Asia, India, and the Middle East. Together, they offer a comprehensive solution that meets regional compliance requirements and leverages the power of the cloud.

“This partnership signifies a major step towards offering unparalleled security and a seamless payment experience for our clients,” said Chiragh Kirpalani, Founder and CEO of Ayoconnect.

Kanishk Upadhyay, Head of APAC for Wibmo, adds, “We are excited to partner with Ayoconnect to enhance the security and efficiency of digital payments. This collaboration demonstrates our commitment to offering innovative and secure solutions, empowering businesses to embrace digital transformation.”

Founded in 2016, Ayoconnect is Southeast Asia’s largest Open Finance API platform, and the licensed platform in Indonesia is building full-stack solutions with the mission to power companies and tech unicorns. Its powerful payment infrastructure and embedded solutions help companies of all sizes move forward quickly and launch banking and payment services within just a few weeks.

Wibmo Inc., a Cupertino, California, company, is a subsidiary of PayU. It is a global full-stack PayTech company and India’s largest authentication service provider. It also offers fraud and risk management solutions, mobile payments, prepaid solutions, and a host of merchant-acquiring services.