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Naspers’ PayU acquires payment and security firm Wibmo for $70 million

Naspers’ PayU acquires payment and security firm Wibmo for $70 million

  • Online payment service PayU has acquired California-based payment and security firm Wibmo for $70 million.
  • Wibmo helps banks in over 20 nations with payment authentication and risk-based decisions across "billions of online and mobile payment transactions," it said in a statement.
  • In recent years, PayU has focused on growing its business in emerging markets such as India and its bet has largely paid off.
  • Last year, Wibmo acquired Mypooling, an Indian payment startup backed by Accel Partners, Qualcomm Ventures, and Rajan Anandan, among others


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