Borgum, one of the largest credit cards
issuers in Iceland, will partner with OpenWay, a tech firm that
provides software solutions for payment processing.
Borgun has 200,000 cards in the marketplace
and a client base of 10,000 merchants. It will adopt WAY4,
OpenWay’s platform which has capacity to manage a wide range of
online and mobile banking transactions.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Borgun’s CEO Haukur Oddson said:
“We chose WAY4 all-in-one solution because it
ticked all the boxes including providing an interface with our
existing platforms and payments associations, could run loyalty
programmes, integrate with our issuing client banks and be able to
acquire for all payment schemes.”
OpenWay said that WAY4 has been already rolled
out in 110 banks, processing companies and telecoms worldwide.
Managing director of OpenWay EMEA, Wim Pardon,
said:
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“Our WAY4 solution is especially suitable for
projects where the client needs a single transaction processing
platform with proven issuing, acquiring and switching capabilities
together with rich e-commerce and loyalty functionality.”
