The PayTech Awards recognize excellence and innovation in the use of IT in the finance and payment industry worldwide. The judges include independent payment experts from banks, payment schemes, consulting companies and media.
According to Accenture, 94% of financial institutions have or are planning to conduct formal analysis of their legacy applications to migrate to the cloud. The number of banks who spend more than 10% of their budget on cloud services is projected to increase by 17% over the next three years. Companies rely on cloud technologies to optimize their operating and maintenance costs, ensure quick onboarding of new clients, and drive payment innovations of every scale and geography. Way4 is a proven cloud-agnostic platform, meaning that it can be deployed on leading cloud platforms Oracle Cloud, AWS, and Microsoft Azure, as well as others. It is highly scalable for a broad range of processing volumes – from those of small startups to huge portfolios containing millions of cards and wallets, with hundreds of thousands of merchants.
“Collaboration is a core value of Enfuce. We believe that positive change within the payment industry can only be achieved through teamwork. We are happy about the recognition of our successful project with OpenWay and are looking forward to the many future projects that lie ahead of us.”
“We congratulate everyone at OpenWay and Enfuce who made this achievement possible. This honor is a result of innovative vision, teamwork and technological excellence from both companies. We are proud to provide the solutions that drive meaningful change to the way our clients deliver services to their customers.”
Enfuce, a Finnish payment service provider founded in 2016, offers payment, open banking and sustainability services to banks, fintechs, financial operators, and merchants around the world. One of the reasons behind their rapid growth from startup to global provider of cloud-based payment services, is successful partnerships like with Amazon Web Services (AWS) and OpenWay, a global vendor of digital payment solutions.
By running OpenWay’s Way4 payments software platform in the cloud, they provide their clients with a broad range of integrated card schemes and practically every card product available on the market, whether they are pre-paid, debit, credit, or instalments.
OpenWay is the only best-in-class provider of digital payment software solutions, and the best cloud payment systems provider as rated by Aite and PayTech. OpenWay is a strategic partner of tier 1/2 banks and processors, fintech startups, and other leading payment players around the globe. Among them are Network Int. and Equity Bank Group in MENA, Lotte and JACCS in Asia, Nexi and Finaro in Europe, Comdata and Banesco in Americas, and Ampol in Australia.
