Overview
OpenWay is the payment processing software Way4, used to launch in-house processing centers, acquiring, card issuing and digital wallets. OpenWay was founded in 1995 and is headquartered in Brussels, with a presence in Cyprus. The company says analysts such as Gartner and Aite-Novarica have ranked it among leading payment platforms.
Modules Listed products are Way4 Acquiring, Card Issuing, Digital Wallets, Switching, Fleet Cards and BNPL. The company also describes the platform as crypto and CBDC ready. Because these functions run on one platform, an issuer can add acquiring or a wallet without a separate system.
Customers and regions Target users are Tier-1 banks, processing centers, acquirers, fintech unicorns and telecoms. The stated geography is global, spanning Europe, Asia, the Middle East, Africa, Latin America and the CIS.
Licensing model Way4 is sold under an enterprise license, either on-premise or in the cloud. Prices, implementation timelines and the share of work handled by OpenWay or partners are not given and are normally agreed in a project scoping stage.
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