International funds software program supplier OpenWay, famend for its Way4 platform, has been recognised by Juniper Analysis as a top-five market chief in digital pockets options.
This underscores OpenWay’s position in enabling monetary establishments, together with banks, processors, and fintechs, to ascertain in depth fee ecosystems that adjust to PCI requirements, providing each card and pockets companies with a big selection of functionalities.
In line with Juniper Analysis, the worldwide digital pockets consumer base is anticipated to develop from 3.7 billion in 2023 to greater than 5.4 billion by 2028, highlighting the growing reliance on digital fee options.
OpenWay’s Way4 Digital Pockets platform has been instrumental on this development, supporting a broad spectrum of fee and switch sorts, showcasing scale of innovation, and demonstrating robust future enterprise prospects.
The Way4 platform, on which the digital pockets answer is constructed, incorporates numerous cutting-edge options. These embody administration capabilities for wallets and playing cards, assist for a number of e-money roles equivalent to people, retailers, companies, and brokers, and functionalities protecting credit score, loans, and Purchase Now Pay Later (BNPL) choices.
The platform additionally permits quick buyer onboarding, tokenization, various fee and switch choices, and complete monetary administration instruments together with dispute and threat administration, omnichannel administration, anti-money laundering (AML), fraud prevention, and integration with each fiat and digital currencies, amongst others.
OpenWay’s world presence, with over 20 know-how hubs worldwide, permits it to supply each world experience and native assist, guaranteeing fast adaptation to regional service specifics and compliance necessities.
This world community enhances the enchantment of the Way4 Digital Pockets on a global scale.
Hans Van Buylaere
Hans Van Buylaere, Managing Director of OpenWay Center East stated,
“Digital pockets options have developed dramatically from area of interest fee merchandise to globally predominant fee instruments. The present market calls for built-in ecosystems providing various companies based mostly on accounts, playing cards, wallets, and now additionally fiat and digital currencies.
By Way4, OpenWay is on the forefront of delivering such complete options. Our legacy of main the digital pockets wave continues, exemplified by purchasers like SmartPay in Asia, who’ve skyrocketed to 40 million prospects in 4 years utilizing Way4 Digital Pockets.”
Featured picture credit score: Edited from Freepik
