OpenWay's New Solution Accelerates Payment Innovation for Banks and Fintechs Across the Americas

OpenWay is also introducing a unique approach that, according to Forbes, "can increase your chances of success when delivering complex digital transformation projects in fast-changing environments." It proved successful when OpenWay launched a centralized acquiring platform for 1 million merchants of the biggest European acquirer in just nine months during the pandemic. After replacing disparate legacy systems with Way4, this company expanded its portfolio to 2 million merchants and increased its income by 3.5 times. Another notable success was with an innovative Card-as-a-Service provider, which launched Way4 in AWS in under a year and became one of the world's first cloud-only card issuing processors.

Belgium, 22/10/2024 (informazione.it - comunicati stampa - information technology)

OpenWay is also introducing a unique approach that, according to , "can increase your chances of success when delivering complex digital transformation projects in fast-changing environments." It proved successful when OpenWay launched a centralized acquiring platform for 1 million merchants of the biggest European acquirer in just nine months during the pandemic. After replacing disparate legacy systems with Way4, this company expanded its portfolio to 2 million merchants and increased its income by 3.5 times. Another notable success was with an innovative Card-as-a-Service provider, which launched Way4 in AWS in under a year and became one of the world's first cloud-only card issuing processors.

The success of OpenWay's projects is also driven by the combination of its international expertise and the local insights of its regional teams and partners. OpenWay has extensive experience collaborating with system integrators with a strong presence in the Americas, including Accenture, Capgemini, Deloitte, EY, and Infosys. It also participates in the Mastercard Network Enablement Provider and Visa Business Partner programs.

With any combination of Way4 modules, deployment options and managed services, OpenWay clients leverage a unified back and front office, an online financial core, real-time front-to-back reconciliation, and online accounting. This architecture enables them to launch personalized, data-driven payment offerings, contributing to their market leadership and exponential growth. Within just three years after its launch on Way4, a digital wallet in Asia grew its portfolio from zero to 700,000 merchants and 40,000,000 users. After migrating to Way4, a global e-commerce acquirer onboarded key customers such as Kiwi, Xsolla, and Wolt (owned by DoorDash) and sustained a remarkable 40% year-on-year compound annual growth rate for several years. In 2023, this acquirer merged with Shift4 in a deal valued at $575 million .

For more information about OpenWay and Way4, please visit openwaygroup.com  

View original content: https://www.prnewswire.co.uk/news-releases/openways-new-solution-accelerates-payment-innovation-for-banks-and-fintechs-across-the-americas-302282056.html