Belgium-based digital payments software provider OpenWay has announced the launch of a new payment software solution in North and Latin America. By leveraging the Way4 solution, banks, credit unions, processors, and fintech companies are set to be able to overcome the complexities presented by legacy payment processing systems.

Through it, OpenWay intends to allow users to introduce tailored payment offerings, accelerated by Way4’s composable architecture of software, deployment options, and managed services. This includes both mainstream payment products and services, as well as capabilities based on real-time payments, Buy Now, Pay Later (BNPL), Embedded Finance, and CBDC cards. Moreover, industry participants can foster strategic collaborations in North and Latin America’s broadening payment ecosystem by utilising Way4’s APIs, supporting large processing volumes, increasing availability, and compliance with PCI security standards.

Flexibility in digital payments OpenWay’s solution focuses on scaling flexibility in the delivery and servicing of digital payment software platforms, with Way4 having the ability to be provided in various modes personalised to meet the client’s needs, requirements, and preferences. Also, the composable nature of OpenWay’s service models is set to allow banks and fintech companies to integrate Way4 with their existing technology ecosystems and minimise the TCO. Additionally, the company works on introducing an approach that can scale users’ operations when offering complex digital advancement projects in fast-changing landscapes.

Furthermore, OpenWay’s projects merge its international knowledge and the local insights of its regional teams and partners, with the company collaborating with system integrators present in the Americas, including Accenture, Capgemini, Deloitte, EY, and Infosys. At the same time, the digital payments software provider participates in the Mastercard Network Enablement Provider and Visa Business Partner programs. OpenWay’s partnership with JIVF Back in December 2023, OpenWay and JIVF announced their collaboration, with the two organisations planning to launch new payment services and optimise customer experiences.

As part of their alliance, JIFV completed the transition of its credit portfolio, migrating it to OpenWay’s Way4 digital payment software platform. This was projected to advance its commitment to accelerate its development process in the market, launch augmented payment solutions, and ensure a digital-first, secure customer experience. Source: Link .