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Description
OpenWay Group is the developer of Way4, a digital banking and payment software platform. It covers every aspect of the payments business — account management, card issuing, merchant acquiring, transaction switching, digital wallets, tokenization, and fleet cards.
Headquartered in Belgium, OpenWay has office locations around the globe and serves clients in 83 countries.
Way4 software solutions are used globally by banks, fintechs, payment processing companies, e-commerce and POS acquirers, national payment schemes, PSPs, oil and telecommunication companies, including both tier-1 organizations and startups.
Our clients can choose between on-premises, cloud, SaaS or a hybrid deployment of OpenWay solutions depending on their operational model.
OpenWay holds a #1 global ranking in software solutions for Payment Processing Platforms by Aite, also by Gartner and Omdia. It was ranked "Market Leader in Digital Wallets" by Omdia and awarded as "Best Payment Software Solution Provider in the Cloud" by PayTech.
Payment Methods
Payment Options
Solutions
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Acquiring
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Banking-as-a-service
- Card Issuing
- Card Vaulting
- Cross-border Payments
- Encryption
- Fraud Prevention
- Invoice Payments
- Master Merchant Account
- Mobile Checkout
- Monitoring & Reporting
- One-click Payment
- Online Payments
- Open Banking
- Payment Gateway
- Payment Tokenization
- Risk Management & Security
- Virtual Terminal
Back Office Tools
Accepted Business Sizes
Accepted Industries
Processing in
Integration Methods
FREE PLAN
Company Details
- Belgium
- 501-1000
- Private
- 1995
Additional Details
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Risk AppetiteLow Risk
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RegulatedYes
Last updated
7th Dec
FAQ
A PG is a transaction processing technology that captures, stores, and transmits card information from the customer to the acquirer.
A PSP is a financial entity that is authorized to process transactions between buyers and merchants.
A PA is a company that enables merchants to accept payments through a single account. They aggregate transactions from multiple merchants into a single merchant account and facilitate payouts.
A PayFac is a company that simplifies the payment process for sub-merchants by providing a unified platform. They act as a middleman between the sub-merchant and the acquiring #bank and handle all the necessary compliance and underwriting processes.
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