Whitepapers and E-books
Resource page for fintech professionalsInnovative Card Issuers in Asia and Europe: Can Your Platform Outrun Theirs?
Digital banks and card issuers are pressured to compete like sprinters. It took Timo in Vietnam only 4 months to launch an award-winning digital bank with a unique human touch concept that targets 5 million cardholders. Enfuce, a recognized CaaS leader in Europe, onboards B2B clients in 8 weeks instead of the industry average of six months. LOTTE, the Korean brand, entered another country’s market as a BNPL disruptor with near-instant loan approval for e-commerce. What do these winners have in common?
Just like Olympic athletes, payments players perform the best when running in their own shoes – operating a highly flexible platform that adapts quickly to new business models and customer segments. On top of that, they need to rely on a partner with a multi-expert team. There are strategic choices to make collaboratively at every stage – from blueprint through delivery to post-launch revenue diversification.
OpenWay has analyzed the best practices of Timo, Enfuce, LOTTE, French card providers Memo Bank and Welcome Place, provider of QR-based credit products Mirae Asset, and other brands whose cards are issued on OpenWay’s Way4 platform. Read the case study to get insights on:
- Why 24/7 real-time accounting and reconciliation boosts adoption of digital cards and payments
- Who has reported cost savings after migrating to a unified back- and front-end
- Ways to speed up expansion to new geographic markets
- How to measure flexibility: a single platform that supports at least 3 different onboarding workflows for the same customer segment
- repurposes your prepaid cards for 3 different regions without hard coding
- bundles any card type with multi-currency accounting and value-added ESG services
- and more
More Whitepapers of Openway
Items from the same categoryBNPL, cards and wallets: the technology that connects the dots
BNPL (Buy Now, Pay Later) wallets are no longer positioned as an invincible challenge to international card schemes. Even the most successful BNPL app providers have opted to collaborate with
More InfoCross-Border Merchant Acquiring: It Takes an Octopus to Thrive in Rough Waters
OpenWay presents the payment innovations and value-added services that have opened new revenue streams for cross-border acquirers using the Way4 payments software platform.
More InfoReport: Demystifying Embedded Finance for Banks and Processors
The traditional banking model is not dead yet. But in the meantime, the payment ecosystem is opening up, and new business models based on embedded finance are taking shape. Celent,
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