OpenWay and Clip E Payments Offer Latam Payment Companies a Fast Track to Digital Transformation

MONT-SAINT-GUIBERT, Belgium, Oct. 24, 2023 /PRNewswire/ -- OpenWay, a global leader in digital payment software with over 10 years of experience in Latin America, announces its partnership with Clip E Payments, a multinational fintech provider headquartered in Chile. This collaboration empowers payment companies across Latam to swiftly adopt OpenWay's digital payments software platform, Way4, to accelerate time-to-market for innovative card issuing, merchant acquiring, payment switching, and digital wallet services.

Clip E Payments, a member of Clip Group, operates in Chile, Peru, Colombia, and Brazil, and counts among its clients Banco Falabella and Banco Internacional. It is uniquely positioned to offer Spanish-and Portuguese-language operational support and to provide insights on the challenges faced by local payment companies. This complements OpenWay's 25-year international expertise.

OpenWay's Way4 platform is already relied on by payment players in Latin America. Local demand for digital payments aligns with OpenWay's offering, as Way4 technology powers digital cards, omnichannel acquiring, and financial inclusion for millions of consumers and merchants in emerging economies. The company also supports social aid projects, as seen in the use of Way4 to issue a million social prepaid cards in the Dominican Republic. Other Way4 innovations include instant and cross-border payments, digital wallets, Buy Now, Pay Later, regional switching systems, and multi-currency payments.

Way4 is designed for financial institutions looking to open new revenue streams and expand their role in the payments value chain. Way4 offers a digital-first customer experience with real-time payment processing and data-rich APIs, supports both cards and wallets, and can be implemented on-premises, in the cloud, as SaaS, or in hybrid mode. Way4's dedicated SaaS model enables payment companies to launch unique products and services quickly with minimal capital investment, ensuring scalability for future growth.

Edgardo Gutierrez, President of Clip Holding, comments: "Our synergy with OpenWay gives the Latin American payments industry access to the best-in-class technologies and services available in the global market. We look forward to supporting Way4 implementations on both local and regional levels."

Alex Sanchez, OpenWay's Regional Director in Latin America, states: "Payment companies in Latam face barriers when adopting innovative business models. What they need is a modern payment platform and a blend of global expertise and local presence, and our collaboration with Clip E Payments offers precisely that. Together, we will deliver adaptable solutions that support new business ideas and promote adoption of digital payments throughout the region."