In today's fast-evolving financial landscape, staying ahead requires more than just cutting-edge technology; it demands a reliable, flexible, scalable, and cost-efficient platform that allows businesses to innovate and grow. Whether you are a Tier-1 or Tier-2 bank, a payment processor, or an ambitious startup aspiring to reach Tier-1 status, the challenges may be the same: outdated systems, difficult integrations, a lack of reliable, experienced vendors, and missed opportunities in an increasingly competitive market.
OpenWay’s Way4 digital payment software platform is designed to tackle these pain points head-on, empowering financial players with the tools and expertise to transform their operations and succeed. These four real-world success stories illustrate how OpenWay has driven remarkable achievements for its clients worldwide.
1. Finaro achieved unnoticeable payments through Way4
For Finaro, now part of Shift4, ensuring that payments are fast, reliable, and secure was critical to delivering value to its clients. In the competitive payments space, speed and convenience are the differentiating factors, and Finaro achievedsuccess with its Way4-based merchant acquiring solution. With active-active geoclustering, along with the-high availability framework they’ve gained in Way4, they ensure that payments are unnoticeable — the hallmark of a truly seamless transaction experience. Moreover, they have achieved an extremely high conversion rate, one of the keys to success in the competitive acquiring market.
It is no wonder that in 2022, Finaro was acquired by Shift4 for $575 million. With Way4, Shift4 has made sure their payments infrastructure is robust and scalable. The platform supports them in delivering VAS to acquirers with enhanced security and convenience. By leveraging the exceptional speed and high connection reliability of Way4, Shift4 ’s clients enjoy uninterrupted, invisible payment experiences — exactly what modern cardholders expect.
Outcome:
Way4's advanced infrastructure and solutions enabled Finaro to enhance the payment experience for merchants and cardholders alike. Now, with Shift4’s merchant acquiring operations, Way4 contributes to the company’s position as a leading processor through its speed, reliability, and high security.
2. RPC consolidates banking operations with Way4
Raiffeisen Regional Processing Centre (RPC), one of the largest payment processors in Europe, has a diverse portfolio of numerous banks operating in various countries across the region. This portfolio needed to be consolidated onto a single, unified platform for card issuing, omnichannel merchant acquiring, and payment gateway. With the rapidly evolving financial landscape, they needed a solution that provided both flexibility and security while keeping them at the forefront of industry trends.
By adopting OpenWay's Way4 software platform, RPC successfully streamlined its banking operations, bringing together all its regional banks under one robust infrastructure. The platform’s scalability allows RPC to handle large transaction volumes while maintaining top-tier security standards. Moreover, they have hit the sweet spot in efficiency and competitive advantage for all its client banks: product standardization along with the flexibility to create unique products for every bank.
Outcome:
With Way4, RPC has not only consolidated its portfolio but also enhanced its ability to innovate and adapt to the ever-changing financial ecosystem. The platform’s flexibility, combined with OpenWay’s expertise, positions RPC as a leader in the European payments industry, offering unparalleled security and efficiency.
3. Timo accelerates time-to-market with an API-driven approach
In the fiercely competitive Asian market, Timo, a Vietnamese digital bank, knew that agility and speed were essential for success. After taking just four months to implement OpenWay’s Way4 platform, Timo has been able to dramatically shorten their time-to-market, quickly delivering innovative products and services to their customers.
Thanks to Way4’s flexibility in configuration and robust API-driven architecture, Timo’s development team can introduce new features and updates in record time, staying ahead of market trends and consumer demands. OpenWay’s exceptional support has given Timo the confidence that they are well-equipped to handle any challenges.
Outcome:
Timo’s collaboration with OpenWay has allowed them to thrive in a fast-paced market, with rapid delivery of new services, thanks to Way4’s flexible APIs and OpenWay's consistent support.
4. SmartPay scales financial inclusion in emerging market
Vietnam’s emerging financial market presents enormous opportunities, and SmartPay is committed to driving financial inclusion by providing digital wallets to underserved populations. Operating in such a cost-sensitive market requires a solution that is both cost-effective and scalable.
OpenWay’s Way4 platform fits the bill perfectly, offering SmartPay the stability and scalability they need to manage their rapidly growing user base: 40 million users and 700,000 merchants in just 4 years! Way4 allows SmartPay to create an entire real-time payment ecosystem, connecting wallet users, merchants, third-party vendors and partners delivering both financial and non-financial services. And they are able to maintain low operational costs while offering reliable services, which is critical as they work to up-sell and cross-sell to their expanding customer base.
Outcome:
With Way4, SmartPay is able to build a successful business model that promotes financial inclusion in Vietnam, while also preparing for future growth and expansion in an emerging market.
Why OpenWay and Way4 are just better
These success stories are just a few examples of how OpenWay’s Way4 platform has driven the achievements of ambitious financial players across the globe. Whether it’s the reliability and speed Finaro needed, the consolidated portfolio that makes RPC ready for new payment challenges, Timo’s quick time-to-market, or the scalability and cost-effectiveness required by SmartPay, Way4 has consistently proven its value.
By combining cutting-edge technology with a commitment to exceptional support and proven experience, OpenWay enables its clients to not only meet today’s challenges but also prepare for the future. With Way4, you gain a platform that is fast, reliable, secure, and cost-efficient, supported by a team with unmatched expertise in the payments industry. Let us help you transform your business and achieve your most ambitious goals!
See firsthand what OpenWay clients have to say about their Way4 experience:
OpenWay is the only best-in-class provider of digital payment software solutions for card issuing, digital wallets, merchant acquiring, BNPL, transaction switching, tokenization, and fleet payments, and the best cloud payment systems provider as rated by Aite and PayTech. Top-tier banks and processors, as well as ambitious fintech startups, have chosen OpenWay as their strategic partner. Notable among them are Nexi, Enfuce, Shift4 and NBG in Europe; Network International and Equity Bank Group in MEA; Lotte and JACCS in Asia; Comdata, BeePay and Banesco in the Americas; Ampol in Australia, and other leading payment players worldwide.
With its unique capabilities in card issuing, BNPL, merchant acquiring, transaction switching, digital wallets, and fleet payments, the Way4 software platform guarantees an unparalleled customer payment experience. Distinguished by its unique architecture, which unifies back- and front-office operations, enables online accounting, and ensures high availability, Way4 stands out as the only truly online payment platform for Tier 1 players. Our experienced and globally renowned team of experts, coupled with Way4’s exceptional flexibility and scalability, enables rapid innovations and propels our clients to industry leadership.
