OpenWay Teams Up with Visa to Accelerate Payment Solutions for Banks
In the rapidly evolving world of digital payments, OpenWay, a global leader in payment software, has announced a strategic partnership with Visa, the world-renowned digital payments leader. This collaboration aims to support financial institutions throughout the Asia-Pacific region in launching innovative payment proposals more efficiently and at a scalable level.
As banks in this region face increasing pressure to deliver new payment experiences swiftly, they also grapple with the complexities of integration, operational resilience, and ever-changing customer expectations. OpenWay has observed a significant demand from banks and fintech companies for flexible platforms that enable agile innovation without necessitating a complete overhaul of existing infrastructures.
With this collaboration, banks, processors, and fintech firms can expedite the implementation of selected Visa payment functionalities within OpenWay's digital payment software platform, Way4. Pre-existing alignment between OpenWay and Visa regarding product requirements and implementation frameworks streamlines the rollout process significantly and reduces deployment timelines.
By engaging with Visa, OpenWay has positioned itself to achieve early alignment with product requirements and implementation frameworks from Visa, accelerating readiness for future deployments across the Asia-Pacific region and beyond. Way4's capabilities extend to card issuance, digital wallets, merchant acquiring, real-time payments, and a wide variety of other payment services—all integrated into a single real-time platform used by banks, processors, and fintech firms globally.
This platform is carefully designed to assist financial institutions in launching and scaling new payment offerings with high configurability and operational reliability at unprecedented speeds. Way4 can be deployed locally, in the cloud, as dedicated SaaS, or through hybrid implementation models, adding to its versatility.
Recent product initiatives compatible with Way4 include Visa Flexible Credential, allowing cardholders access to multiple funding sources with a single credential, and Visa Fleet 2.0, which supports payment use cases related to fleets. Visa is expected to continue expanding its suite of products and services within this collaboration framework.
Rudy Gunawan, the managing director of OpenWay Asia, emphasized, "Asia-Pacific continues to lead global payment innovation, and banks are seeking faster, more efficient ways to deliver new propositions to their customers. Our collaboration with Visa enhances our capacity to help financial institutions achieve quicker implementation of new payment functionalities within Way4."
About OpenWay
OpenWay stands at the forefront of digital payment software solutions, recognized for card issuance, digital wallets, merchant acquiring, buy now pay later (BNPL), transaction switching, tokenization, and fleet payments. As a top-ranked cloud payment system provider according to Gartner, IDC Insights, Ovum, Juniper Research, and PayTech, OpenWay is known for providing a modern, real-time, highly flexible, and resilient payment software platform on a large scale.
This partnership not only underscores the evolving landscape of digital payments but also showcases how collaboration among key stakeholders can drive innovation and enhance customer experiences in financial services across the Asia-Pacific region.
As banks in this region face increasing pressure to deliver new payment experiences swiftly, they also grapple with the complexities of integration, operational resilience, and ever-changing customer expectations. OpenWay has observed a significant demand from banks and fintech companies for flexible platforms that enable agile innovation without necessitating a complete overhaul of existing infrastructures.
With this collaboration, banks, processors, and fintech firms can expedite the implementation of selected Visa payment functionalities within OpenWay's digital payment software platform, Way4. Pre-existing alignment between OpenWay and Visa regarding product requirements and implementation frameworks streamlines the rollout process significantly and reduces deployment timelines.
By engaging with Visa, OpenWay has positioned itself to achieve early alignment with product requirements and implementation frameworks from Visa, accelerating readiness for future deployments across the Asia-Pacific region and beyond. Way4's capabilities extend to card issuance, digital wallets, merchant acquiring, real-time payments, and a wide variety of other payment services—all integrated into a single real-time platform used by banks, processors, and fintech firms globally.
This platform is carefully designed to assist financial institutions in launching and scaling new payment offerings with high configurability and operational reliability at unprecedented speeds. Way4 can be deployed locally, in the cloud, as dedicated SaaS, or through hybrid implementation models, adding to its versatility.
Recent product initiatives compatible with Way4 include Visa Flexible Credential, allowing cardholders access to multiple funding sources with a single credential, and Visa Fleet 2.0, which supports payment use cases related to fleets. Visa is expected to continue expanding its suite of products and services within this collaboration framework.
Rudy Gunawan, the managing director of OpenWay Asia, emphasized, "Asia-Pacific continues to lead global payment innovation, and banks are seeking faster, more efficient ways to deliver new propositions to their customers. Our collaboration with Visa enhances our capacity to help financial institutions achieve quicker implementation of new payment functionalities within Way4."
About OpenWay
OpenWay stands at the forefront of digital payment software solutions, recognized for card issuance, digital wallets, merchant acquiring, buy now pay later (BNPL), transaction switching, tokenization, and fleet payments. As a top-ranked cloud payment system provider according to Gartner, IDC Insights, Ovum, Juniper Research, and PayTech, OpenWay is known for providing a modern, real-time, highly flexible, and resilient payment software platform on a large scale.
This partnership not only underscores the evolving landscape of digital payments but also showcases how collaboration among key stakeholders can drive innovation and enhance customer experiences in financial services across the Asia-Pacific region.
Topics Financial Services & Investing）
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