EPAM and OpenWay Form Partnership to Drive Digital Transformation in Payments Industry
Press Release: September 13, 2016
WAY4 is a complete omnichannel digital payment and card processing platform, supporting digital wallets, private label and branded card issuing, as well as merchant acquiring, financial switching and channel management. WAY4 serves as a core platform for digital banking solutions, closed-loop or national payment schemes, and is deployed by tier-1 banks and payment processors across the globe.
Digital disruption has forced market leaders and new players to reconsider their business models, along with customer experience, technologies, and partnerships. By leveraging EPAM’s digital enterprise, system integration, and legacy system migration expertise and OpenWay’s market-leading payment platform solutions, the partnership will offer clients the benefits of digital finance and cross-industry expertise, excellent product and service offerings, faster time-to-market, and early adoption of innovations within a global scale.
“The rapid evolution of the payments marketplace is impacting many of our key vertical industries and our clients recognize the need for scalable, flexible, and easily integrated solutions that meet customer demands, regulatory changes and emerging competition from new market entrants,” said
“We see EPAM’s dedication to excellence in its agile software development process and proven ability to quickly deploy robust, well-rounded specialist teams from their extensive pool of software engineers and architects,” says Andrew Vereninov, CEO,
Established in 1995,
For more information, please visit http://www.openwaygroup.com/.
This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Annual Report on Form 10-K and other filings with the
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