#Kazakhstan #Almaty #UnionPay International #OpenWay #Way4

OpenWay and UnionPay International Expand Global Cooperation

In a significant leap for digital payment solutions, OpenWay, a leader in the field, has announced an expanded partnership with UnionPay International (UPI), one of the largest payment networks globally. This collaboration aims to deliver complete support for UPI products on OpenWay’s Way4 platform, thereby facilitating enhanced financial services worldwide.

What is the Way4 Platform?

Way4 is renowned for its ability to provide banks, processors, and fintech companies with a robust platform for issuing cards, acquiring payments, switching transactions, and running digital wallet services in real-time. This latest enhancement means that OpenWay’s clientele can now issue, accept, and tokenize UnionPay cards seamlessly, establishing a more unified and expedited launch of UnionPay-based payment services across various global markets.

First Big Pay Integration for UnionPay Cards

Highlighting the significance of this collaboration, OpenWay has forged a remarkable achievement by launching the very first Big Pay functionality for UnionPay cards on the Way4 platform. This initiative, developed in partnership with six major banks in Central Asia, represents the inaugural instance globally where a UnionPay card has been integrated with Big Pay services. This endorsement of OpenWay’s mission to push forward innovations in digital payments heralds a wave of further integrations, aiming to greatly enhance mobile payments and digital wallet accessibility for UnionPay cardholders in the near future.

Pioneer Contributions by OpenWay

OpenWay has consistently set the stage in the global payment landscape, particularly in the realm of implementing solutions for International Payment Systems (IPS). Notably, back in 2004, OpenWay was pivotal in the first issuance of a UnionPay card in Kazakhstan utilizing the Way4 platform. Over time, OpenWay has significantly contributed to Central Asia's evolution as a hub for fintech innovations, solidifying its reputation in this vibrant sector through numerous industry firsts, including the deployment of UnionPay chip cards and acquiring infrastructure throughout the region.

Today, the Way4 platform is globally recognized for its superior integration capabilities for cross-border card systems, wallet-based innovations, real-time payments, and AI-driven payment solutions. This exemplifies OpenWay’s proficiency in aligning global standards with localized financial infrastructures, ensuring that it delivers future-ready capabilities across all markets it enters.

A Local Vision Driving Global Innovation

As Rustem Nurmambetov, the Chief Operations Officer for OpenWay in Central Asia stated, this partnership is a testament to the essence of glocal innovation. He emphasized, “Global breakthroughs often start with local visions.” Through collaboration with UnionPay International and local banking partners, OpenWay is setting a global benchmark for modern, inclusive, and interoperable payment solutions.

In conclusion, the partnership between OpenWay and UnionPay International marks a new chapter in the evolution of digital payments by combining global vision with local expertise. It paves the way for enhanced financial accessibility and innovation, supporting a more connected world of commerce.

For further details on product offerings or partnerships, visit OpenWay’s official website or reach out directly through their contact channels.