back Back

OpenWay, UnionPay International strengthen global payments collaboration

By Puja Sharma

Today

  • AI
  • APAC Fintech
  • central Asia
Share

UnionPay

OpenWay, a digital payment software, and UnionPay International (UPI), a payment network platform, have expanded their partnership to deliver complete support for Union Pay International products on the Way4 platform.

Way4 is OpenWay’s digital payment software platform used by banks, processors, and FinTechs to run card issuing, acquiring, switching, and digital wallet services in real time. With this expansion, OpenWay clients worldwide can now issue, acquire, and tokenise UnionPay cards on Way4, enabling a faster and more consistent rollout of Union Pay-powered payment services across markets.

In a major industry first, OpenWay has enabled the initial launch of Big Pay functionality for UnionPay cards on the Way4 platform with six major banks in Central Asia. This marks the first time globally that a UnionPay card has been integrated with a Big Pay, reflecting OpenWay’s commitment to innovation in digital payments.

Additional Big Pay integrations are planned and expected to go live in the near future, expanding the range of mobile and digital wallet options available to UnionPay cardholders on Way4.

OpenWay has consistently pioneered innovation in the global payments industry, especially in the implementation of international payment schemes (IPS) solutions. In 2004, OpenWay powered the first-ever issuance of a UnionPay card in Kazakhstan on Way4 platform. Since then, OpenWay has played a central role in transforming Central Asia into a FinTech innovation hub. The close cooperation between OpenWay and UnionPay International has supported numerous firsts, including the rollout of UnionPay chip cards and acquiring infrastructure across Central Asia.

Today, the Way4 platform is recognised globally for its excellence in cross-border card scheme integration, wallet-based innovation, real-time payments, and AI-based payment solutions. It exemplifies OpenWay’s ability to align global standards with local financial infrastructure—bringing future-ready capabilities to every market it enters.

“This partnership demonstrates the power of glocal innovation,” said Rustem Nurmambetov, Operational Director, OpenWay in Central Asia. “Global breakthroughs often begin with local vision. Together with UnionPay International and our local banking partners, we are setting a global precedent for modern, inclusive, and interoperable payments.”

Previous Article

Today

Tencent Cloud powers iyzico’s payment infrastructure for Europe push

Read More
Next Article

Today

The Weekly Wrap: all you need to know by Friday COB | March 13th

Read More



IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

The Weekly Wrap: all you need to know by Friday COB | March 13th

Read More

Today

Tencent Cloud powers iyzico’s payment infrastructure for Europe push

Read More

Today

CRED wins RBI nod to operate as payment aggregator

Read More

Related Reports

Sales League Table Report 2025
Know More
Global Digital Banking Vendor & Landscape Report Q3 2025
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
Incentive Compensation Management Report Q4 2025
Know More
Treasury & Capital Markets Systems Report Q4 2025
Know More