Wibmo and Discover Global Network have joined forces to allow Fintech E-Money Issuers in Asia Pacific to utilize Wibmo’s Prepaid processing platform, Hexa, for prepaid card programs.

Wibmo and Discover Global Network Partnership to Empower Fintech E-Money Issuers in Asia Pacific

The recent partnership between Wibmo and Discover Global Network has opened up a world of opportunities for fintech E-Money issuers in the Asia Pacific region. Wibmo, a renowned provider of digital solutions and online payment processing services, has joined forces with Discover Global Network, the payments brand of Discover, to enhance the capabilities of its prepaid processing platform, Hexa.

This collaboration offers great value to fintech partners of Discover Global Network, providing them with the means to leverage Hexa’s feature-rich and API-first prepaid card issuance and program management platform. The comprehensive suite of tools provided by Hexa allows for the creation and management of innovative prepaid card programs tailored to various use cases, such as corporate cards, fleet cards, employee benefits, gift cards, travelers cards, and other consumer and commercial prepaid solutions.

Embracing this partnership, E-Money issuers of Discover Global Network can take advantage of Wibmo’s robust card management system and its prepaid platform’s ability to handle digital and virtual card issuance seamlessly. Hexa is equipped with a dynamic Card-Not-Present Risk Engine and integrated Access Control Server (ACS) for real-time fraud detection and prevention, ensuring a secure experience for cardholders. Additionally, the platform incorporates the advanced features of the EMV 3D secure protocol to further enhance security measures.

The positive implications of this partnership extend beyond the immediate sphere, as Wibmo and Discover Global Network aim to expand prepaid card issuance in key markets across the Asia Pacific region. With the Philippines, Hong Kong, and Singapore identified as the initial targets, this collaboration opens doors for increased financial inclusion and accessible payment solutions. By capitalizing on Wibmo’s extensively scalable proprietary prepaid platform, Discover Global Network can effectively penetrate these markets and deliver its value proposition to E-Money issuers and Card Program Managers.

The strategic move by Wibmo and Discover Global Network is a testament to their dedication to empowering fintechs and banks in the APAC region. This partnership not only accelerates the time-to-market for prepaid card programs but also demonstrates a commitment to innovation and the provision of cutting-edge solutions. Fintech E-Money issuers can now leverage Wibmo’s expertise and Discover Global Network’s extensive reach to offer exceptional prepaid card programs that cater to evolving consumer needs.

In conclusion, the collaboration between Wibmo and Discover Global Network marks a significant milestone in the fintech industry. Through this partnership, the APAC region is set to witness an array of advanced prepaid card solutions that will benefit businesses, consumers, and the overall financial ecosystem. By combining their strengths, Wibmo and Discover Global Network are paving the way for a more inclusive and secure digital payments landscape in the Asia Pacific region.

Wibmo Partners with Discover® Global Network to Expand its Prepaid Processing Capabilities to Fintech E-Money Issuers in Asia Pacific

Wibmo, a leading provider of digital solutions and online payment processing services, has partnered with Discover® Global Network, the payments brand of Discover, to enable Fintech E-Money Issuers in Asia Pacific to leverage its prepaid processing platform, Hexa, to issue and manage prepaid cards programs.

The partnership allows fintech partners of Discover Global Network, who are E-Money Issuers, to leverage Wibmo’s feature-rich and API-first prepaid card issuance and program management platform, Hexa to launch differentiated prepaid card programs for various use cases like corporate cards, fleet cards, employee/corporate benefits, gift cards, travelers cards and other consumer and commercial prepaid solutions.

With this collaboration, E-Money Issuers of Discover Global Network can benefit from Wibmo’s capabilities of the card management system on its prepaid platform to handle digital and virtual prepaid card issuance. The Hexa platform is equipped to address critical business use cases and comes pre-integrated with Wibmo’s proven Access Control Server (ACS) for real-time fraud detection and prevention. The platform uses its dynamic Card-Not-Present Risk Engine and the prowess of EMV 3D secure protocol’s built-in features.

Suresh Rajagopalan, CEO of Wibmo, said, “We are delighted to be an issuer processor for Discover Global Network, offering our turnkey prepaid processing platform, Hexa, to help fintechs who are E-Money issuers and Card Program Managers to go-to-market faster with the issuance and launch of their prepaid cards programs. We are proud to collaborate with Discover® to offer and expand the usage of our high-performing and extensively scalable proprietary prepaid platform and issuing processing capabilities to fintechs and banks issuers across the APAC region.”

Chris Winter, Managing Director, International Markets, Asia Pacific, Discover® Global Network said, “By partnering with Wibmo to offer their high-performing and scalable prepaid issuing processing capabilities, we extend our value proposition to E-Money issuers and Card Program Managers as we expand prepaid cards issuance in key Asia Pacific markets such as the Philippines, Hong Kong and Singapore.”

Discover Global Network is the fastest growing global payments network1 with more than 305 million Discover Global Network Cardholders worldwide2 and is accepted across 70M merchant acceptance points and millions of micro-merchants3. It includes Discover Network, Diners Club International®, PULSE® and more than 25 alliance partner networks across the globe.

1. Based on signed network alliance agreements over the past fourteen years with major payment networks within respective countries – Panoramic Research study, conducted 2022

2. Discover Global Network participation and RBR Global Payment Cards Data and Forecasts to 2027, September 2022.

3. Internal Reporting and Nilson Report December 2022