“Can a single composable payments software platform (Way4) serve as the core infrastructure for card issuing, acquiring, switching, wallets, and embedded lending across banks and fintechs globally?”
OpenWay is a B2B payment software vendor — not a financial institution itself — that develops and licenses the Way4 digital payments platform to banks, processors, acquirers, telcos, and fintechs worldwide. Originally focused on card management (issuing and acquiring), Way4 has evolved into a composable, modular platform covering the full payments stack: card issuing, merchant acquiring, payment switching, digital wallets, BNPL, and digital currencies. OpenWay's go-to-market is entirely through licensing Way4 to enterprise clients (Nexi, Shift4, Network International, Equity Bank, Lotte, etc.) rather than operating payment services itself.
Openway processes payments through Way4 Merchant Acquiring (self-operated software platform), Way4 Payment Switch (self-operated software platform) and Way4 e-commerce gateway (self-operated software platform).
Openway's cards are issued through Way4 Card Issuing (self-operated software platform).
The Embedded Finance Index 2026 maps 3 layers in Openway's stack: Payments / PSP (Way4 Merchant Acquiring (self-operated software platform), Way4 Payment Switch (self-operated software platform) and Way4 e-commerce gateway (self-operated software platform)); Card issuing (Way4 Card Issuing (self-operated software platform)); Lending (Way4 BNPL software, Way4 Loan Management and Way4 Installment payments).
Openway is headquartered in Mont-Saint-Guibert, Brabant Wallon, Belgium.
Get a read on where your own stack stands against Openway and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.