Tag "OpenWay"

Generative AI in Payments: 4 Use Cases to Increase Revenue and Optimise Costs

Will Generative AI in payments accelerate financial institutions on their path to increased revenue and cost optimisation? The zero-humility ChatGPT says yes and offers multiple proofs from McKinsey, Forbes, EY, and other analysts. Even more reassuring, 54% of FSIs surveyed

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How OpenWay’s Way4 Enabled the First CBDC Card Transaction in Eurasia

Central bank digital currencies (CBDCs) have largely existed in the virtual realm, with transactions initiated primarily through web and mobile interfaces. However, a significant shift has occurred with the launch of Eurasia’s first CBDC cards in Kazakhstan, providing 20 million

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Flexible by Design: What Differentiates a Successful Payment Software Platform

In the ever-evolving landscape of payments, it is crucial to choose a payment platform from a vendor that can anticipate and support future growth through innovative functionality. This choice is key for staying ahead of your competitors. To illustrate the

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What Is Dedicated SaaS and How Is It Reshaping Payments?

Software as a service (SaaS) is a significant part of the global software market, making up one-third of it, and is making an impact across various industries, including payments. New fintech companies leverage SaaS for swift product launches without significant

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OpenWay Earns Top 5 Spot in Juniper Research’s Digital Wallet Solutions Ranking

Global payments software provider OpenWay, renowned for its Way4 platform, has been recognised by Juniper Research as a top-five market leader in digital wallet solutions. This underscores OpenWay’s role in enabling financial institutions, including banks, processors, and fintechs, to establish

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Cambodia’s Sathapana Bank Taps OpenWay for Credit Card Launch

Cambodia’s Sathapana Bank has launched new Mastercard credit cards following its successful migration to the Way4 digital payment software platform, a move that consolidates various payment systems into a single infrastructure. Powered by payments software provider OpenWay, this move enhances

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How to Skyrocket Your BNPL Products: Technology is Everything

Buy Now, Pay Later (BNPL) wallets were once dubbed a “billion-dollar plan to destroy credit cards.” However, BNPL providers such as Afterpay and Klarna have since begun offering contactless Mastercard and physical Visa cards, respectively. Currently, both Visa and Mastercard

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Cross-Border Merchant Acquiring: New Technology, New Competitors

Cross-border merchant acquirers are busier than ever after the pandemic accelerated e-commerce worldwide. Moreover, they are getting a boost from global tourism, which is now “on track for full recovery” in 2023, according to the international arrivals data of U.N.

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OpenWay Sets up Its Second Hub in Vietnam

Global payments software provider OpenWay has expanded its presence in Asia with the opening of a new hub in Ho Chi Minh City, Vietnam. This latest addition marks OpenWay’s second hub in Vietnam besides the one in Hanoi. OpenWay has

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A Guide to Launching Payment Innovations in Record Time

In the digital payments industry, everyone is competing like Olympic sprinters. It took digital bank Timo in Vietnam only 4 months to launch an award-winning API-based payment system on AWS, with a unique human-touch concept that targets 5 million cardholders.

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