#Visa #Brussels #Belgium #OpenWay #Fleet Payments

OpenWay and Visa Join Forces for Enhanced Fleet Payment Solutions

In a significant move for the mobility and payment sectors, OpenWay, a prominent provider of digital payment software solutions, has partnered with Visa, a global giant in digital payments. Their collaboration aims to introduce Visa Fleet 2.0 as part of the Ready for Fleet program, thereby revolutionizing how businesses navigate mobility-related expenses.

A Promising Partnership

OpenWay's commitment to innovation in the digital payment landscape is exemplified through this partnership. By integrating Visa Fleet 2.0 into OpenWay's Way4 Fleet platform, the two companies are set to reshape fleet payment management, creating a more seamless solution for businesses around the globe. This partnership not only demonstrates OpenWay's leadership in the sector but also aligns with Visa's aspirations to foster an open and sustainable global mobility ecosystem.

The introduction of Visa Fleet 2.0 addresses several critical issues facing fleet operators. It integrates advanced capabilities like open-loop acceptance — meaning it can process transactions across different platforms and networks — alongside sustainability measures. This is increasingly important as many businesses are shifting towards electric, hybrid, and hydrogen-powered vehicles.

Key Features of Visa Fleet 2.0

Visa Fleet 2.0 is designed to empower fleet operators, leasing companies, and financial institutions to manage their spending better and streamline payments. Some of its notable features include:
- Comprehensive Expense Management: It allows consolidation of multiple expenses, such as fuel, tolls, parking, and EV charging, all on a single card.
- Modular Design: This feature supports various energy sources and evolving mobility models, making it adaptable to the changing landscape of transportation.
- Unified Platform Integration: The integration with OpenWay's Way4 serves as a single point for card issuing, acquiring, digital wallets, and more, facilitating a user-friendly experience for all involved.

Walter Van Huyck, the Solution Manager for Fleet and Mobility Payments at OpenWay, expressed the essence of this initiative, stating, "Visa Fleet 2.0 marks a major step forward in how mobility payments are managed. Integrating this capability into our Way4 platform helps clients deliver smarter, more secure, and sustainable payment experiences."

Richard Campion, Head of Fleet and Mobility at Visa Europe, echoed similar sentiments, stating, "As mobility continues to evolve, so do the needs of fleet operators and payment providers. By partnering with OpenWay, we're delivering a secure and flexible solution that helps partners streamline operations and better serve their customers."

Looking to the Future

With the increasing demand for sustainable mobility solutions, Visa Fleet 2.0 is positioned to be an essential tool for fleet managers planning the adoption of greener vehicles. This endeavor illustrates a shared commitment to advancing the mobility industry through innovative payment solutions.

As the automotive landscape transforms, the collaboration between OpenWay and Visa signifies a major leap toward a more efficient and connected future in mobility payments. This partnership is not just a fleeting moment; it’s a robust step towards building a resilient and technological framework that responds to the evolving demands of the market.

Both OpenWay and Visa are keen on reinforcing their roles as leaders in the payments arena, focusing on creating efficient, sustainable solutions that cater to the emerging needs of the fleet operations around the world. As such, the rollout of Visa Fleet 2.0 promises not just to streamline payments but also to play a pivotal role in shaping the future of mobility payments and managing operational costs effectively.

With major players in the industry backing this initiative, the future of fleet payments looks promising — driven by technology, sustainability, and innovative collaboration.