JVIF selects OpenWay in bid to become consumer finance leader in Vietnam


JVIF, a Japanese consumer finance firm, has selected OpenWay’s Way4 digital payments software platform in a bid to offer the most competitive credit programmes in the Vietnamese market.

OpenWay is a provider of digital payment software solutions and cloud payment systems. Its Way4 platform is used by Tier 1 and 2 banks and processors, as well as ambitious FinTech startups. Among them are Nexi, Worldline, Finaro, Payoneer, and other leading payment players across the globe.

As a modular and highly configurable platform, Way4 allows clients to build highly personalised credit products with flexible implementation: on premise, in the cloud, or as a dedicated SaaS.

Way4 payment software is used globally and can be deployed on major cloud platforms: AWS, Microsoft Azure, Oracle Cloud (OCI), and others, also in private clouds. The Way4 platform for JIVF is the first OpenWay installation in Oracle Cloud in Southeast Asia.

OpenWay’s technology will allow JIVF to manage the full lifecycle of their payment products and offer the super online customer experience. OpenWay also offers JIVF various options to help it optimise their operational costs, including managed services and end-to-end technical operations. JVIF hopes this partnership will position it to become the consumer finance leader in the Vietnamese market.

The teams of both companies will cooperate closely to create competitive products and co-branded credit programmes with personalised rewards and instalments.

Mr. Taniguchi Noboru, general director, JIVF, said, “We believe that to become a leader on a new market and keep your leadership, we need to work with trusted leaders. We have chosen OpenWay because it was critical for us the high quality of the Way4 platform, fast time to market, successful experience of OpenWay globally and locally, excellent client service, and high operational efficiency.

“Moreover, the OpenWay team has demonstrated deep technological knowledge and advanced expertise that will help us to grow our credit finance business and respond to the high demand for credit products from our customers in Vietnam.”

Earlier this year, Gimo, a FinTech startup from Vietnam, has closed its Series A funding round with an investment led by TNB Aura.

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