OpenWay Group opens new hub in Vietnam

OpenWay Group, the top-ranked global developer and vendor of the Way4 digital payments software platform with offices in Cyprus, is expanding its reach in Emerging Asia with the opening of a new hub in Vietnam.

“OpenWay, the only best-in-class global payments software provider as rated by Aite and known for providing its payment solutions to large financial institutions like Nexi, LOTTE, Network International, Comdata and Banesco, is expanding its reach in Emerging Asia with the opening of a new hub in Ho Chi Minh City, Vietnam,” the company said.

This latest addition marks OpenWay's second hub in Vietnam, complementing its existing office in Hanoi. Alongside its other Asian corporate hubs in Singapore, Thailand, Philippines, Indonesia, and Malaysia, OpenWay’s extensive hub network spans the Americas, MENA, and Europe, where its headquarters and four other hubs are located.

“The world is moving towards distributed systems, which can only be provided by organisations who themselves have distributed architecture in their own company structure. OpenWay employs representatives of over 30 nationalities,” said Rudy Gunawan, Managing Director of OpenWay Asia. “We have more than twenty hubs globally, constantly sharing knowledge within joint projects. Our approach is to be closer to our clients and simultaneously maintain a global network of experts. To this aim, our distributed hub strategy allows us to effectively combine global and local expertise, quickly respond to changes, and ensure the high quality and sustainability of our company and its solutions.”

He added, “According to a McKinsey report, emerging markets in Asia will become one of three regions that will account for about 80% of the estimated $1.3 trillion in global banking revenue growth by 2025. So, we opened a new hub to address one of these markets. Already after 17 years of experience in Asia, OpenWay has built long-term relationships with the largest banks and top fintechs in the region such as LOTTE Finance, Timo Digital Bank, SmartPay, JACCS, Bank Rakyat Indonesia, Bank Muamalat, Maya Philippines, Mirae Asset, and AIS”.

OpenWay is the only best-in-class provider of digital payment software solutions and the best cloud payment systems provider as recognised by industry experts at Aite and PayTech. Renowned Tier 1 and 2 banks and processors, as well as ambitious fintech startups, have chosen OpenWay as their strategic partner. Notable among them are Nexi, Finaro, and Mastercard Transaction Payment Services in Europe; Comdata in the US; Banesco in Latin America; LOTTE and JACCS in Asia; Network International and Equity Bank Group in MENA; Ampol in Australia, and other leading payment players worldwide.

“With its unique capabilities in card issuing, merchant acquiring, transaction switching, and digital wallets, the Way4 software platform guarantees an unparalleled customer payment experience,” the company says. “Distinguished by its unique architecture, which unifies back- and front-office operations, enables online accounting, and ensures high availability, Way4 stands out as the only truly online payment platform. Our experienced and globally renowned team of experts, coupled with Way4’s exceptional flexibility and scalability, enables rapid innovations and propels our clients to industry leadership.”