PAYMENTS PLATFORM PARTNERS - Digital Cash Q4/2022

Partnerships with payment platform providers accelerate #DigitalCash roll-out as they are already integrated with many banks and payment services. Crunchfish have previously announced integration with the payments platform of #Sirius. During Q4, Crunchfish Digital Cash has been integrated into a payments platform chosen by HDFC Bank . Crunchfish have also announced the start of integrations with Wibmo , a PayU company and an industry leader in payment security and digital payments.?

Crunchfish and a payments platform provider in India entered into a partnership to create a turnkey solution for offline payments. The financial platform provider has almost 100 integrations with banks in India for various online payment use cases with the same Reserve, Pay and Settle methodology as promoted by Crunchfish.?

The integration will accelerate Digital Cash onboarding of banks and payment services as the financial platform is already integrated with many Core Banking Systems and can be re-used by other banks and payment services. The integration started in November with an initial focus on proximity payments. The company have already successfully integrated Crunchfish Digital Cash into their apps, connected to a sandbox provided by Crunchfish.?

Next step is to link these apps to their own financial platform in the backend, instead of using the Crunchfish sandbox.?

Wibmo, a subsidiary of PayU, are 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. During the quarter Crunchfish announced a partnership with Wibmo 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 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.?