Digital financial services provider PayU has appointed Shailesh Paul as the Chief Executive Officer (CEO) of Wibmo, its paytech division.
Paul brings over two decades of experience in digital payments, consumer banking, and fintech, having held leadership positions at Visa, Standard Chartered, and Mastercard.
In his new role, Paul will lead Wibmo’s strategic vision and execution, focusing on sustainable growth and innovation. He aims to forge strategic alliances worldwide and advance Wibmo’s leadership in authentication, digital identity, and fraud prevention.
Under his leadership, Wibmo plans to scale its secure transaction platforms and risk-based decision-making solutions, aligning with evolving market demands and regulatory landscapes.
Wibmo, acquired by PayU in 2019 for $70 million, operates in India, the US, and Indonesia.
It is a global full-stack PayTech company offering payment security and digital payments in emerging markets.
The platform also provides fraud and risk management solutions, digital financial services, prepaid solutions, and various merchant-acquiring services.
Also Read | Footprints Preschool & Daycare Secures $7.5M Series A Funding
Anirban Mukherjee, CEO of PayU, expressed confidence in Paul’s appointment, stating,
“Shailesh’s appointment marks a strategic step forward as we continue to deepen PayU’s commitment to innovation and leadership in digital payments. With his deep expertise and global perspective, I am confident he will unlock new growth opportunities for Wibmo, elevate its market presence as a trusted technology innovator, and reinforce our vision of building a world-class PayTech platform for banks and financial institutions.”
Paul shared his enthusiasm about joining Wibmo, saying,
“Wibmo plays a pivotal role in advancing PayU’s vision of building a secure, scalable, and full-stack financial services ecosystem. Leading banks in India and in global markets trust our cutting-edge PayTech solutions, leveraging our technological leadership to serve their customers better. I’m excited to join the talented Wibmo team and the broader PayU leadership team as we push beyond conventional boundaries and create lasting value through trust, innovation, and excellence.”
