OpenWay and Visa Partner to Accelerate Payment Innovation in Asia Pacific
Event summary
- OpenWay and Visa collaborate to help banks in Asia Pacific launch new payment products faster.
- Way4 platform supports card issuing, digital wallets, merchant acquiring, and real-time payments.
- Visa Flexible Credential and Visa Fleet 2.0 are among the initial products integrated into the collaboration.
- Way4 can be deployed on-premises, in the cloud, as dedicated SaaS, or in hybrid models.
- OpenWay is rated as the best cloud payment systems provider by multiple research firms.
The big picture
This collaboration addresses the growing demand for flexible, scalable payment solutions in a region known for rapid digital transformation. By streamlining the integration of Visa's payment capabilities, OpenWay aims to reduce the time and complexity involved in launching new payment propositions. The partnership underscores the strategic importance of real-time, configurable payment platforms in meeting evolving customer expectations and regulatory requirements.
What we're watching
- Market Expansion
- The pace at which OpenWay and Visa can expand this collaboration beyond Asia Pacific.
- Product Integration
- How quickly additional Visa products and services will be integrated into the Way4 platform.
- Competitive Response
- Whether competitors will respond with similar partnerships to accelerate payment innovation.
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