Wibmo’ s marketplace solution enables Banks and Financial institutions to offer a readymade e-commerce marketplace solution to their customers consisting of over 130 merchants covering various categories such as Bill payments, recharges, cab booking, Train Ticket booking, groceries, medicines, OTT subscriptions etc.

Business Challenge: One of the fastest growing Fintech products include digital marketplaces that matches potentials buyers of services or products with providers of that product or services. It provides a one stop solution to end users for all their buying requirements.

Banks/Financial institutions are looking forward for such solutions which provides high commissions from merchants and a better user experience to their customers but getting all merchants on a single interface requires a lot of tech know-how and manpower to enable integrations with each merchant separately. Managing Payouts to merchants and consumer complaints such as refunds/ cancellations requires huge operational set up.

Product Overview - Wibmo’ s marketplace solution enables Banks and Financial institutions to offer a readymade e-commerce marketplace solution to their customers. The marketplace can be integrated as an SDK in your existing mobile application. The SDK comes with over 130 merchants covering over 30 categories. Using this single interface your customers will get access to a plethora of services such as bill payments, mobile, DTH, metro recharges moreover buy groceries, book cabs, order medicines book train tickets and many more. The UI of the SDK can be customized as per your brand guidelines and comes a white labeled solution. The SDK comes with a pre integrated Payment Gateway and if you are issuer and want your own payment cards to be integrated with some specific merchants, we have the right solution for you.  

The Software -As-A-Service (SAAS) based solution comes with a dedicated call center support for handling customer complaints and operational support for payouts/settlement to the merchants. As a Bank/Financial institution you can expect higher commissions with low cost of ownership.

Features

Cloud hosted for easy integration

PCI DSS Certified

Seamless integration

Microservices driven

BBPS certified

Advantages

SDK based solution, Low cost of ownership, Automated commission Payouts, Dedicated customer care center, White labeled solution, High commissions/ revenue and Rewards and loyalty

Wibmo BankEzy Marketplace

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