EPAM and OpenWay Form Partnership to Drive Digital Transformation in Payment Industry
EPAM Systems (NYSE:EPAM), a leading global provider of product development and software engineering solutions, announced its global strategic partnership with OpenWay Group, an expert in digital payments and developer of the top-ranked WAY4™ platform.
September 20, 2016 - NEWTOWN, PA
WAY4 is a complete omni-channel 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 forces market leaders and new players to reconsider their business models and, along with that, 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 Arkadiy Dobkin, CEO and President, EPAM Systems. “Combining OpenWay’s leading position in the payment systems market and our deep technology experience across various industries enables us to provide the next generation of complex payment platforms and solutions to our clients.”
“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, OpenWay Group. “Innovation in the B2B and B2C payment space together with the mobile revolution is blurring the boundaries between industry sectors. We are keen to go beyond the financial sector and leverage EPAM’s expertise in retail and distribution, travel and hospitality, life sciences and healthcare.”