WAY4 Projects

Savings Bank of Russia, the largest retail bank in Central and Eastern Europe, is using the WAY4 processing platform to increase its issuing volumes by 200% every five years.

Equens SE, one of Europe’s largest and most innovative payment processors covering more than 15% of the European acquiring market, has chosen WAY4 for its new SEPA-compliant acquiring platform.

Back in 2005, the niche of non-bank financial products in the MENA region was empty. Some three years later a dozen of major retailers (LG, Sony, FCC Nokia, etc.) were offering Sharia-compliant chipcard-based loans with installment functionality. Issuing and acquiring have been provided in full by Procco Financial Services company, and its processing solution WAY4 from OpenWay.

The Savings Bank of the Russian Federation (Sberbank) is one of the oldest and largest banks in Central and Eastern Europe. It is a publicly traded commercial bank with 20,000 branches operating in 11 time zones. With a portfolio of more than 14 million debit and credit cards and a 30% share of the Russian market, Sberbank is today one of the world’s leading issuers and acquirers. With more than 165 years of business heritage, Sberbank is now actively developing its international card acquiring network, which currently extends to 1,174 cities across 79 of Russia’s regions.