(Information sent by the signatory company)
BRUSSELS, March 14, 2023 /PRNewswire/ -- JIVF has selected the Way4 digital payment software platform with the aim of developing the most competitive, innovative and attractive credit programs in the Vietnamese market.
JIVF is confident in its partnership with OpenWay, given its leadership and experience globally and in the Asia region, and trusts in Way4, OpenWay's best digital payment software solution. Successful OpenWay projects launched in Asia include a BNPL solution with LOTTE Finance, Timo, an API-based digital bank that launched on the AWS Cloud in just 4 months, and SmartPay, a successful financial inclusion wallet with over 650,000 businesses and 40 million users. As a highly configurable and modular platform, Way4 enables clients to build highly customized credit products with flexible deployment: on-premises, in the cloud, or as a dedicated SaaS. Way4 payment software is used globally and can be deployed on all major cloud platforms: AWS, Microsoft Azure, Oracle Cloud (OCI) and others, including private clouds. The Way4 Platform for JIVF is the first OpenWay installation on Oracle Cloud in Southeast Asia.
Way4 is a comprehensive solution with a single online core, account and event management, dynamic pricing, automated workflows, card issuance and wallet management, merchant management, omnichannel, authorization and settlement, modern APIs and IPS interfaces. Thus, it will allow JIVF to manage the complete life cycle of its payment products and offer an unbeatable online customer experience. OpenWay offers JIVF several options to help optimize its operating costs, including managed services and end-to-end technical operations for JIVF. The agile teams at both companies will cooperate closely to create competitive products and co-branded credit programs with personalized, installment rewards. With the Way4 platform, the JIVF team can rapidly launch innovative card products, create new partnership campaigns, and respond to the growing demand for consumer credit.
Noboru Taniguchi, director general, JIVF:
"We believe that to become a leader in a new market and maintain your leadership, you need to work with trusted leaders. We chose OpenWay because the high quality of the Way4 platform, the speed to market, the successful experience of OpenWay globally and locally, excellent customer service and high operational efficiency.In addition, the OpenWay team has demonstrated deep technological knowledge and advanced experience that will help us grow our credit financing business and respond to the high demand for credit products from our customers in Vietnam."
Nguyen Manh Ha, director general, OpenWay Vietnam:
"Consumer credit has shown strong growth in the Asian region, and OpenWay's role is to help financial institutions and fintechs with the best payment solutions to create differentiated competitive products. We are excited to partner with JIVF and fully committed to delivering best-in-class payment technologies and contributing to the company's strategic goals OpenWay's leadership globally and in Vietnam for over 15 years will help us meet JIVF's high standards and ensure that JIVF receive the best support to achieve your goals."
About JACCS
JACCS (Japan Consumer Credit Service) founded on June 29, 1954 in Hakodate, Japan. JACCS' main activities are credit business, credit card and payments business, financing business and business abroad.
In overseas business, JACCS entered Vietnam in June 2010 as JACCS International Vietnam Finance Company Limited (JIVF), a duly organized corporation existing under the laws of Vietnam, with its head office on the 15th floor, Centec Tower, 72-74 Nguyen Thi Minh Khai, Vo Thi Sau Ward, District 3, Ho Chi Minh City, Vietnam. JIVF took advantage of its position as a Japanese-owned company to strengthen its network of member stores, which is focused on dealerships of Japanese motorcycle manufacturers. JIVF has expanded its operations to cover auto and home appliance financing and credit cards, card loans and other consumer loans, contributing to Vietnam's economic progress. JIVF's goal is to provide customers with installment sales credit with trusted services and a network of member stores with the goal of providing customers quickly, cheaply, and politely.
About Open Way
OpenWay is the only provider of digital payment software solutions in its category and the best provider of cloud payment systems as ranked by Gartner, Omdia, Aite, and PayTech. Its Way4 platform is used by Tier 1 and Tier 2 banks and processors, as well as ambitious fintech start-ups. These include Nexi, Worldline, Finaro, Payoneer and other leading payment companies around the world. Way4 innovations support card issuance, A2A payments, e-commerce and POS acquisition, digital wallets, and payment switching.
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