OpenWay to enhance speed-to-market with WAY4 Acquiring Start

openwayEuropean digital payments software provider, OpenWay has launched an off-the-shelf acquiring solution, WAY4 Acquiring Start. The solution, that runs in the cloud or on-premise, is expected to assist banks, processors, PSPs and retailers to speed up their merchant acquiring solution.

“WAY4 Acquiring Start is a shortcut for companies wanting to enter the acquiring market startups and tier-1 players alike. As their acquiring ambitions grow, WAY4 lets them gradually extend the merchant offering with value-added services tokenization, e-commerce, digital wallets, loyalty programs, and more,” said Dmitry Yatskaer, CTO at OpenWay.

According to the supplier, WAY4 Acquiring Start aims to provide preset merchant services and tariff plans, POS and mPOS acceptance, out-of-the-box reporting and billing, and PA-DSS compliance. It is also expected to handle lifecycle management including onboarding to reconciliation and settlement.

WAY4 Acquiring Start is a part of the WAY4 Start Set which comprises standardized software solutions for smart market-entry to merchant acquiring, credit and prepaid card issuing, payment gateway and other payment domains.

Recently, FinTech startup SmartPay entered a strategic partnership with OpenWay to achieve its aim of addressing the needs of the Vietnamese population. With this partnership, Smartpay aims to target a market of 25 million individuals and 6 million SMEs in Vietnam.

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