Appointment of Shailesh Paul, a Seasoned Executive in Digital Payments, to the position of CEO at Wibmo, formerly managed by PayU.
PayU Reinforces Digital Payment Leadership with Shailesh Paul as New Wibmo CEO
One of India's foremost digital financial services providers, PayU, has fortified its senior leadership team by drafting Shailesh Paul as the new Chief Executive Officer (CEO) of Wibmo, PayU's paytech division and a leading player in payments security and digital financial services.
Paul, a seasoned professional with over two decades of experience in payments, consumer banking, and fintech across Asia Pacific, India, and the Middle East, joins Wibmo with deep industry expertise and a visionary outlook. His strategic leadership is expected to fortify Wibmo's stance as a dominant force in the digital payments sector, spurring innovation and enhancing secure solutions for banks and customers.
Under Paul's leadership, Wibmo will focus on several key areas:- Advancing Wibmo's leadership in authentication, digital identity, and fraud prevention technologies- Forging strategic alliances worldwide to strengthen Wibmo's position in emerging markets by leveraging his extensive payments industry experience- Driving innovation and pushing beyond conventional boundaries with an emphasis on creating lasting value through trust and excellence in digital payments
Anirban Mukherjee, CEO of PayU, expressed optimism about Paul's appointment, stating that it marks a strategic step forward as they continue to deepen PayU's commitment to innovation and leadership in digital payments. Mukherjee believed that Paul's deep expertise and global perspective would unlock new growth opportunities for Wibmo, elevate its market presence as a trusted technology innovator, and reinforce their vision of building a world-class Paytech platform for banks and financial institutions.
Paul expressed enthusiasm about his new role at Wibmo, stating that the company plays a pivotal role in advancing PayU's vision of building a secure, scalable, and full-stack financial services ecosystem. He plans to join forces with the talented Wibmo team and the broader PayU leadership team to push beyond conventional boundaries and create lasting value through trust, innovation, and excellence.
Prior to joining Wibmo, Paul spent over 18 years at Visa, most recently serving as Global Head of SMB Acceptance and previously as Head of Merchant Acquiring for India & South Asia. He has also held various leadership roles in partnerships, product development, and business development with prior experience at Standard Chartered and Mastercard. Paul is an alumnus of the Wharton School of Business Advanced Management Program, Xavier Institute of Management, and Delhi University.
PayU, one of India's leading digital financial services providers with Prosus as an investor, operates businesses regulated by the Reserve Bank of India and offers advanced solutions to meet the digital payment requirements of the Indian market. PayU India companies aim to create a full-stack digital financial services platform to address all financial needs of customers through technology solutions.
Wibmo, owned by PayU, operates entities in India, the US, and Indonesia. It is a global full-stack PayTech company and an industry leader in payment security and digital payments in emerging markets. As India's largest authentication service provider and one of the leading digital payment markets globally, Wibmo also offers fraud and risk management solutions, digital financial services, prepaid solutions, and a variety of merchant-acquiring services.
- Shailesh Paul, the new CEO of Wibmo, a division of PayU, is anticipated to steer the company's focus towards innovation in areas such as authentication, digital identity, and fraud prevention technologies, aligning with PayU's vision of building a secure and scalable full-stack financial services ecosystem.
- Paul's strategic leadership at Wibmo is expected to not only reinforce its dominant position in the digital payments sector but also forge international partnerships, leveraging his extensive experience in the payments industry to strengthen Wibmo's presence in emerging markets.
- With his deep expertise and global perspective, Paul aims to drive innovation at Wibmo, push beyond conventional boundaries, and create lasting value through trust, excellence, and technology, propelling the company towards its goal of becoming a world-class Paytech platform for banks and financial institutions.
