OpenWay

OpenWay shone at the Axis Parc Beach volleyball tournament! Every year, we eagerly participate in this popular inter-company event where companies from Axis Parc face off in a friendly and spirited competition. This year's tournament was blessed with perfect weather—maybe a bit hot for some, but at least we had sunshine! Our two teams gave it their all, competing in 4 matches each and making it to the 8th round! With 300 players and 50 teams battling it out on 7 beach volleyball courts covered with 30 tons of sand, this event was a perfect blend of competition and camaraderie. The Axis Beach event is more than just a tournament; it's a chance to strengthen bonds, meet neighboring companies, motivate employees, and break free from the daily grind. No trophy for us this time, but our players showed fantastic skills and have their eyes on the prize for next year! #openwaygroup #openway #way4 #payments #fintech #digitalbanking #digitalpayments #digitalbankingplatform

The Nilson Report magazine interviewed OpenWay about the project that delivered the world’s most advanced CBDC bank cards. Curious about how many CBDC card transactions were made just a month after launch? Or whose interfaces to Mastercard and Visa ensure global acceptance of these cards? These questions and more were addressed by Sophocles Ioannou, Regional Director, New Business Development at OpenWay. Discover the digital tenge currency launched by the National Bank of Kazakhstan, including the key technical components of its CBDC infrastructure and the benefits for the country’s economy and international affairs. Read the Nilson Report’s article on our website: https://bit.ly/4d7NIyq #CBDC #openwaygroup #openway #way4 #payments #fintech #digitalbanking #digitalpayments #digitalbankingplatform

On June 28, 2024, a distinguished business delegation from the United States, led by the US-Kyrgyzstan Business Council (USKGZBC), engaged in fruitful discussions with the Kyrgyz Cabinet of Ministers, presided over by Akylbek Zhaparov. The focus was on fostering a robust investment climate in Kyrgyzstan. OpenWay, a global leader in digital payments software solutions, was one of the members of this delegation. Mr. Zhaparov highlighted strategic policies for creating a favorable business environment. American corporations showed keen interest in strengthening bilateral business ties, particularly in interbank activities, investment, digitalization, and energy sectors. This event underscores a shared commitment to enhancing economic cooperation and exploring opportunities between the United States and Kyrgyzstan. https://bit.ly/4f4cGk8 #openwaygroup #openway #way4 #payments #fintech #digitalbanking #digitalpayments #digitalbankingplatform #Kyrgyzstan #USKGZBC

Many banks have customers who travel frequently and need to pay quickly in different currencies, both in-store and online. How to keep these customers loyal and not searching for a competitor’s payment product? Banks, fintechs and processors can launch an attractive multi-currency debit card on #Way4 that would automatically debit the purchase amount from an account in the currency of the purchase. Accounts can be located either directly in the Way4 processing platform or in the core banking system integrated with Way4 online. This Way4-powered card product can be linked to an unlimited number of accounts in different currencies, and it can route transactions between them using configurable rules. For instance, yen purchases debit a yen account, and if those funds are insufficient, the system can draw from a euro account with automatic conversion at a favorable rate. The bank can even allow customers to configure some of those routing rules themselves, by embedding this option into the bank's mobile application via Rest API.  This functionality is available for both personal and corporate cards. As with all Way4 card products, this one can be enrolled in multiple automated workflows, including customer onboarding, risk management, chargeback, and dispute management. Provision of this multi-currency debit card can be part of your instant onboarding service for new clients. Way4 is a fully-online platform that allows instant client contract creation, account opening, and issuance of physical or virtual cards ready for immediate use. Discover more advantages offered by Way4 for card issuers: https://bit.ly/3PpidXo #openwaygroup #openway #payments #fintech #digitalbanking #digitalpayments #digitalbankingplatform #cardissuing

What are the implications of GenAI for banks and fintechs? When it comes to digital payments, which use cases are likely to come first? Discover insights from the experts at OpenWay, the world's leading provider of software solutions for digital payments, in Le Figaro: • What the banks experimenting with GenAI are complaining about • How an advanced payment processing platform enables GenAI to be truly customer-oriented • Once you have the right payment technology, what challenges remain Read it in French here: https://bit.ly/3xJHupA #openwaygroup #openway #way4 #payments #fintech #digitalbanking #digitalpayments #digitalbankingplatform

Turning the payment infrastructure complexity of a Tier 1 bank into simplicity and power? We at OpenWay are committed to collaborating with BIDV (Bank for Investment and Development of Vietnam), Vietnam's largest bank with $72 billion in assets, to transform their fragmented card management and payment systems into a unified, high-performance digital platform. This will enable BIDV to swiftly launch innovative products, minimize costs, enhance customer satisfaction, and reduce development time. BIDV intends to overcome challenges related to outdated technologies and the complexity of managing numerous satellite applications. BIDV will leverage the top-rated #Way4 digital payment software platform to become a fully digitized, technology-driven retail bank.  The new infrastructure will streamline operations, leveraging Way4's issuing, acquiring, and switching capabilities to manage an extensive portfolio of millions of cards and thousands of ATMs and POS devices. Read more: https://bit.ly/3RD64PJ #openwaygroup #openway #payments #fintech #digitalbanking #digitalpayments #digitalbankingplatform

What happens when an acquirer finds the secret ingredients to merchant satisfaction? Within a few years, Nexi's portfolio doubled to 2 million POS and e-commerce merchants, and SmartPay connected 700,000 merchants to its wallet and QR payments. Both companies leveraged the #Way4 acquiring software platform to make their offering truly omnichannel. How is omnichannel better than multichannel? What technology can help merchants and their acquirers to bridge this gap? OpenWay offers insights into the omnichannel acquiring innovations of Tier 1-2 players, including Nexi, Shift4 Europe, SmartPay, Halyk Bank, and others. Read the case study https://bit.ly/4cdfPMH to learn how to achieve the highest approval rate, what data and tools merchants need from the acquirer to map the customer journey, and more. #openwaygroup #openway #payments #fintech #omnichannel #ecommerce #merchantacquiring #digitalpayments #digitalbankingplatform

In May, OpenWay Cyprus took to new heights (literally!). We held a team-building event in the stunning Platres Mountains to tackle the Dorians Challenge! The series of physical and mental challenges were a nod to the legendary Greek hero Dorus and the district of Ancient Greece. In that spirit, our cross-functional teams heroically united to test their physical and mental agility. We tackled challenges like synchronized obstacle courses, human plank basketball, and even volleyball obstacle courses. We also flexed our problem-solving muscles by solving puzzles, math riddles, and memory games. The team wore custom T-shirt designs that featured the #OpenWay logo and the mountain theme, adding a special touch to the experience. This retreat truly fostered collaboration and boosted team spirit! The unique activities and overwhelming positive feedback made this a standout event, and we're all eagerly looking forward to the next challenge. #openwaygroup #way4 #payments #fintech #digitalbanking #digitalpayments #digitalbankingplatform

61% of financial institutions worldwide plan to use GenAI in 2024. Our latest case study https://bit.ly/45aZG7E highlights four promising use cases for revenue growth and cost optimization, but also two barriers to overcome first! Discover the benefits of integrating GenAI with a data-rich, real-time payments processing platform like OpenWay’s #Way4, and learn: - What data GenAI needs from a payment processing system - How a 24/7 online front- and back-office can enable GenAI to hyper-personalize the customer experience - The role AI and GenAI play in the operations of Nexi, Enfuce, Network International, LOTTE Group and other payment innovators #openwaygroup #openway #AI #GenAI #payments #fintech #digitalbanking #digitalpayments #digitalbankingplatform