Mumbai, 10th January 2023: Volo Health Services a next-gen Healthcare, Benefits and Insurtech start-up and Wibmo, a PayU company and an industry leader in payment security and digital payments, have entered into an agreement to create a unique employee benefits payment solution. This innovative solution will be based on Wibmo’s cutting-edge, feature-rich multi-wallet prepaid platform. The payment solution will help corporates offer hassle-free health benefits to employees without worrying about network limitations or paperwork, thereby enhancing customer experience, minimize delays & errors, optimizing benefits cost and reducing sizeable effort for both corporate HR & employees. This seamless solution, which is first of its kind in India, will open doors for corporates to offer benefits across a wide spectrum of service providers.
“The proposed solution with WIBMO, a PayU company, as a payment technology partner, will change the Indian employee benefits payment landscape by facilitating seamless payments for healthcare services offered by individuals and corporates across locations and categories of services. This solution is an outcome of our in-depth understanding of Employee Benefits and health insurance space including Flexible Benefits, OPD, Wellness services and key challenges around payment and administration.” said Mr. Suresh Babu, Cofounder & CEO Volo Health
“We have always focused on innovative, cutting-edge payment solutions that help our clients address some of the key challenges intrinsic to their business. We are delighted to partner with Volo Health, who have a deep understanding of this segment. Alongside Volo Health, we will build a neo-banking based multi-wallet payment solution that will drive benefits processing and corporate payments serving both corporates and their employees”. said Mr. Mehul Mistry Global Head- Strategy, Digital Financial Services & Partnerships – WIBMO
About Volo Health (www.volohealth.in)
Volo Health is a new-age firm with focus on Health insurance, employee benefits, and payment solutions. The company is focused to acquire and build solutions and business which can make difference in the healthcare and insurance sectors.
Wibmo Inc., a Cupertino, California company, is a subsidiary of PayU. It is a global full-stack PayTech company, an industry leader in payment security and digital payments in emerging markets, partnering with 160+ banks across 30+ countries. The company is the largest authentication service provider in India, one of the world’s leading digital payments markets. It also offers fraud and risk management solutions, mobile payments, prepaid solutions, and a host of merchant acquiring services.
Learn more about Wibmo: https://www.wibmo.co/