OpenWay and UnionPay International (UPI) have expanded their partnership to support UnionPay products on the Way4 platform.
Way4 is OpenWay’s platform for card issuing, acquiring, switching, and digital wallet services in real time.
With the expansion, OpenWay clients can issue, acquire, and tokenise UnionPay cards, allowing for a more consistent rollout of UnionPay-powered payment services across markets.
OpenWay has enabled the launch of Big Pay functionality for UnionPay cards on Way4 with six major banks in Central Asia.
This is the first global integration of a UnionPay card with a Big Pay solution.
OpenWay plans additional Big Pay integrations, which will expand mobile and digital wallet options for UnionPay cardholders on Way4.
Since 2004, OpenWay has driven international payment scheme (IPS) innovation in Central Asia, powering the first UnionPay card issuance in Kazakhstan on the Way4 platform.
The company has also supported the rollout of UnionPay chip cards and acquiring infrastructure in the region.
Today, the Way4 platform is used internationally for cross-border card scheme integration, wallet-based services, real-time payments, and AI-based payment solutions.
Rustem Nurmambetov, Operational Director, OpenWay in Central Asia, said:
“This partnership demonstrates the power of glocal innovation. Global breakthroughs often begin with local vision. Together with UnionPay International and our local banking partners, we are setting a global precedent for modern, inclusive, and interoperable payments.”
Featured image credit: Edited by Fintech News Singapore, based on image by rawpixel.com via Freepik
