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:
Highlights
