OpenWay and Visa are working together to help banks, processors and fintechs in Asia Pacific bring new payment products to market faster.
The collaboration will support selected Visa payment products on OpenWay’s Way4 platform, which is used for card issuing, digital wallets, merchant acquiring, real-time payments and other payment services.
Earlier coordination between Visa and OpenWay on selected product requirements and implementation frameworks could simplify rollouts and reduce deployment work.
Way4 can be deployed on premises, in the cloud, through dedicated SaaS or in hybrid models.
The collaboration builds on recent Visa payment products supported on Way4, including Visa Flexible Credential and Visa Fleet 2.0.
Visa Flexible Credential lets cardholders access multiple funding sources through one credential, while Visa Fleet 2.0 supports fleet-related payment use cases.
More Visa products and services are expected to be added under the same framework.
Rudy Gunawan, Managing Director of OpenWay Asia, said,
“Asia Pacific continues to lead global payment innovation, and banks are looking for ways to deliver new customer propositions faster and more efficiently.
Our collaboration with Visa strengthens our ability to support financial institutions with faster implementation of new payment capabilities on Way4.”
Featured image: Edited by Fintech News Singapore, based on image by ghiska via Magnific
