Payment Processors in Wonderland: How to Catch Many Digital White Rabbits Simultaneously

Asia Pacific, Europe, Middle East and Africa, North and Latin America, Card Issuing, Digital Banking, Merchant Acquiring

February 21, 2023 1 minute read

Neobanks and fintechs act very similarly to the White Rabbit from Wonderland. Soon after entering the scene, they start falling down the rabbit hole of payment innovations, user expectations and rigid time-to-market. Also, they are very picky when choosing a travelling companion. Alice had to try many potions and tricks to fit herself to a changing environment, open new doors, and find strategic partners – all to keep up with the White Rabbit. She would be a good role model for a payment processor trying to get the attention of neobanks!

What does a modern processor need from a payment platform and vendor to meet the requirements of digital banks? OpenWay's paper illustrates the technological and business factors that lead to success in the processor’s Wonderland of payments.

How to create the right payment processing landscape and not waste time on painting white roses red
Can you measure a vendor’s agility and resilience? Does it even matter?
3-4 months for onboarding a new bank – truth or fairy tale?
Unified front- and back-office, and 24/7 access to transaction history and customer data: the key to many doors

OpenWay is the only best-in-class provider of digital payment software solutions, and the best cloud payment systems provider as rated by Gartner, Omdia, Aite, and PayTech. Its Way4 platform is selected by Tier 1 and 2 banks and processors, as well as ambitious fintech startups. Among them are Finaro, Nexi, Payoneer, Worldline, and other leading payment players across the globe. Way4 innovations support card issuing, A2A payments, e-commerce and POS acquiring, digital wallets and payment switching.