OpenWay has introduced a new payment software solution for North and Latin America, aimed at assisting banks, credit unions, processors, and fintechs in upgrading their payment systems.

The Way4 platform, recognized by Aite and Juniper Research, provides functions for issuing, acquiring, payment switching, and digital wallets.

It is designed to help financial institutions move away from legacy payment processing systems.

The platform’s flexible architecture allows institutions to launch personalized payment services efficiently.

It supports a range of payment technologies, including real-time payments, Buy Now, Pay Later (BNPL), embedded finance, and central bank digital currency (CBDC) cards.

The Way4 platform features APIs, high processing capacity, and PCI security compliance.

OpenWay offers different deployment options for the platform, including cloud-based and dedicated SaaS environments, giving clients the ability to customize their system setup.

This flexibility is becoming more popular as institutions seek to lower costs and improve time-to-market.

In previous projects, OpenWay has assisted European acquirers in expanding their merchant bases and has collaborated with Card-as-a-Service providers to launch cloud-based card issuing services.

OpenWay’s expansion in the Americas is supported by partnerships with companies like Accenture, Deloitte, and Infosys, along with collaborations through Visa and Mastercard programs.

These partnerships help the company manage digital transformation projects across rapidly evolving markets.