Next-stage digital payments ventures in Francophone Africa are bolstered by OpenWay's expansion into the region.
OpenWay, the global leader behind the award-winning Way4 digital payment platform, has expanded its operations into Francophone Africa. This move is part of OpenWay's commitment to accelerating fintech innovation across the African continent.
The expansion includes establishing a dedicated local team in Francophone North Africa. This team will provide tailored support to clients in Morocco and Tunisia, helping them deliver real-time, 24/7 payment services.
OpenWay's Way4 platform offers significant benefits to banks and fintechs in the region. The comprehensive, flexible, and secure digital payments infrastructure is tailored to the region's needs. Key benefits include:
- Real-time, digital-first payment services: Way4 enables seamless transactions around the clock, with services available across multiple functions such as issuing, acquiring, and processing.
- Consolidation of diverse payment products: The platform consolidates various payment products, including cards, digital wallets, account-to-account (A2A) transfers, merchant services, cryptocurrencies, and Central Bank Digital Currencies (CBDC), on a single platform.
- Flexible, configurable architecture: The architecture allows for rapid innovation within markets, accelerating time-to-market for new products and services.
- Enterprise-grade security, reliability, and compliance: Critical for maintaining trust and meeting regulatory requirements in a fast-evolving digital payments ecosystem, Way4 ensures enterprise-grade security, reliability, and compliance.
- Scalability: Way4 allows for seamless scaling of operations across regions and continents without functional constraints, supporting cross-border growth and regional expansion plans.
- Localized service and cultural relevance: The local team in North Africa delivers tailored support with regional expertise combined with OpenWay’s global delivery and industry know-how, ensuring localized service and cultural relevance for banks and fintechs.
- Regional relevance and cultural proximity: Collaboration with partners and professionals from Sub-Saharan Africa enhances regional relevance and cultural proximity, further supporting successful client engagements.
This strategic presence in Francophone Africa empowers financial institutions to build next-generation payments infrastructure and accelerate fintech innovation, aligning with the region’s digital transformation goals.
OpenWay's entry into the Francophone African market extends its support to visionary institutions building Africa's next-generation payment infrastructure. The leading tier-1 bank in Morocco is one of the institutions that will benefit from OpenWay's expansion, having signed a long-term technology partnership with OpenWay to support its digital transformation roadmap.
Jean-Philippe Wolyniec, Regional Sales Director at OpenWay, stated that progress in Africa is a community journey. "We are excited to be part of this journey, working closely with our clients in Africa to co-create impact and support their missions to deliver inclusive, secure, and future-ready payment experiences," he said.
OpenWay's Way4 platform has already been chosen by financial leaders in Africa such as Equity Bank in Kenya and SanuPay in Ethiopia. This partnership allows banks and fintechs across Morocco and Tunisia to adopt Way4, a best-in-class digital payments solution recognized by Gartner and Datos.
[1] OpenWay Press Release, "OpenWay Expands into Francophone Africa", [Date] [2] OpenWay Website, "Way4 Platform", [Date]
- OpenWay's expansion into Francophone North Africa is aimed at enhancing security and innovation in the region's fintech sector, as they establish a local team to deliver tailored support to businesses in Morocco and Tunisia.
- The adoption of OpenWay's Way4 platform by financial institutions in Africa, such as Equity Bank in Kenya and SanuPay in Ethiopia, offers significant benefits, including real-time, digital-first payment services, consolidation of diverse payment products, and a flexible, configurable architecture.
- The Way4 platform's enterprise-grade security, scalability, and localized service are key factors in its appeal to visionary African institutions, aligning with the continent's digital transformation goals and empowering them to build next-generation payments infrastructure.
