Johannesburg, South Africa – October x, 2024 – Wibmo, a PayU company, and EFT Corporation have formed a strategic partnership to introduce cutting-edge security technology for digital payments in South Africa. The partnership will bring the Wibmo Areion 3DS Server (3DSS) to the local market, a solution designed to enhance online transaction security and improve payment efficiency. The partnership was formalised at a signing ceremony during the Seamless South Africa event, marking an important milestone in strengthening digital payment infrastructure in the region.
Key highlights of the partnership:
- Strengthening online security
The Wibmo Areion 3DS Server (3DSS) will provide robust security features, ensuring safer online transactions for consumers and businesses alike. This includes advanced authentication protocols and a lightweight Directory Server to route authentication requests to the appropriate Access Control Server (ACS).
- Improving payment efficiency
By leveraging smart routing and advanced authentication protocols, the solution aims to streamline payment processes, reducing friction and enhancing user experience. The 3DS Server supports both browser and SDK-based frictionless and challenge authentication, ensuring seamless integration with merchants and payment service providers.
- Impact on the South African market
This collaboration is set to uplift the payment landscape in South Africa, offering state-of-the-art solutions that cater to the evolving needs of the market. The Wibmo Areion 3DS Server is designed to be highly reliable, scalable, and future-proof, ensuring it meets current demands and adapts to future needs.
“We are thrilled to partner with EFT Corporation to bring the Wibmo Areion 3DS Server to South Africa,” said Adhley Mathura, Director of Sales, Wibmo. “This partnership marks a significant step towards revolutionising digital payments in the region. By combining our advanced technology with EFT Corporation’s deep understanding of the local market, we are poised to deliver unparalleled security and efficiency in online transactions. Our goal is to create a safer, more seamless payment experience for all users.”
Darryn Van Rooyen, Vice President of Acquiring Business at EFT Corporation, added, “Our partnership with Wibmo reflects our continued focus on innovation in the fintech sector. The Wibmo Areion 3DS Server will not only enhance the security of digital payments, but it will also streamline payment processes, improving the overall experience for consumers and businesses. We are excited about the positive impact this partnership will have on the payment ecosystem in South Africa. Together, we are setting new standards for what is possible in the fintech industry.”
About Wibmo
Wibmo Inc., a Cupertino, California, company, is a subsidiary of PayU. It is a global full-stack PayTech company and an industry leader in payment security and digital payments in emerging markets. The company is India’s largest authentication service provider and one of the world’s leading digital payment markets. It also offers fraud and risk management solutions, mobile payments, prepaid solutions, and a host of merchant-acquiring services. To learn more, visit: www.wibmo.co
About EFT Corporation
EFT Corporation, formed from the strategic merger of Ukheshe Technologies and EFT Corporation, is a pioneering force in the African fintech landscape. Established to create a powerhouse of financial technology and services, EFTCorp leverages the robust capabilities of both organisations to redefine the future of digital financial services.
EFTCorp combines Ukheshe’s agile, digital-first approach and EFTCorp’s robust payment solutions infrastructure to offer unparalleled services in the fintech sector. As a merged entity, EFTCorp is uniquely positioned to enhance financial inclusion and revolutionise payment systems across the African continent and beyond. EFTCorp represents the future of financial services by offering seamless, secure, and accessible solutions while driving growth, and delivering superior value to customers.
