Payment service provider OpenWay broadens its reach in Francophone Africa, combining top-notch Way4 platform with local knowledge for seamless transactions.
OpenWay, a global leader in digital payment solutions, has made its entry into Francophone Africa, marking a significant milestone for banks and fintechs in the region. This expansion provides these institutions with access to the award-winning Way4 platform and dedicated local support, enabling them to accelerate digital transformation and financial innovation.
The Way4 platform offers a flexible, scalable, and secure infrastructure that consolidates multiple payment services on a single system. This includes cards, digital wallets, account-to-account transfers, merchant payments, cryptocurrencies, and central bank digital currencies (CBDCs), facilitating real-time, 24/7 digital-first payment processing.
In Morocco and Tunisia, OpenWay has partnered with leading tier-1 banks to facilitate the adoption of best-in-class payment technology. This partnership underscores OpenWay's commitment to localizing expertise and support, combining regional teams in North Africa with its global delivery network to ensure culturally relevant and operationally effective client engagements.
The key benefits of the Way4 digital payment platform include real-time, continuous payment processing across issuing, acquiring, and transaction processing. It also consolidates diverse payment channels and products on a single, configurable platform, accelerating time-to-market for new services. The platform offers enterprise-grade security, compliance, and operational reliability, addressing critical regulatory and risk requirements in financial services. It also scales across countries and continents without functional constraints, supporting the growth ambitions of banks and fintechs.
Moreover, Way4 supports emerging payment forms, including cryptocurrencies and CBDCs, positioning institutions for future financial ecosystems. The local team, which consolidates all payment products on a single platform, ensures enterprise-grade security, reliability, and compliance for its clients.
OpenWay's local team in Francophone North Africa, comprising regional service and global delivery expertise, aims to support the digital transformation of banks and fintechs in the region. This partnership supports the bank's digital transformation roadmap, allowing banks and fintechs in Morocco and Tunisia to adopt Way4. The purpose of the local team is to co-create impact with clients, delivering inclusive, secure, and future-ready payment experiences.
OpenWay's entry into Francophone Africa follows successful collaborations with financial leaders in Africa such as Equity Bank in Kenya and SanuPay in Ethiopia. The company's unique set of capabilities enables financial institutions to enhance their digital payment solutions, positioning them for success in a rapidly evolving payments landscape. Collaboration with partners and professionals from Sub-Saharan Africa ensures regional relevance and cultural proximity in client engagements.
[1] OpenWay Press Release: OpenWay Expands into Francophone Africa [2] OpenWay Whitepaper: The Way4 Digital Payments Platform [3] Gartner Market Guide for Digital Payment Platforms [4] Datos Report: Top Digital Payment Solutions for 2022
- OpenWay's local team in Francophone North Africa, combining regional service and global delivery expertise, aims to enable banks and fintechs in the region to accelerate their digital transformation and comply with enterprise-grade security, reliability, and regulatory requirements through the utilization of the award-winning Way4 digital payment platform, which offers a flexible, scalable, and secure infrastructure for real-time, continuous processing of multiple payment services, including cryptocurrencies and central bank digital currencies (CBDCs).
- In addition to Morocco and Tunisia, financial institutions across Francophone Africa stand to benefit from OpenWay's expansion, as they will be provided access to cutting-edge technology and local support, positioning themselves for future success in the rapidly evolving payments landscape, while maintaining compliance with finance and technology industry standards.
