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Ukrainian banks can connect up to 400 types of paid services on "Global Money" alternative channels via WAY4

Integration of the "Global Money" Ukrainian payment system with WAY4, payment processing system developed by OpenWay – a world leader in IT solutions, makes it possible for Ukrainian banks to connect up to 400 types of paid services and develop alternative channels for interacting with clients.

February 12, 2013

The synergy between Global Money and WAY4 system makes the process of starting joint projects with banks significantly easier. Many financial institutions already work on OpenWay's card processing, allowing the elimination of expenses for reworking the system, while the Global Money payment system has direct contracts with companies to which payments are made.
“From 400 services, banks simply select those that are the most in demand and we promptly connect ATMs and terminals to them; it's also possible to connect Internet banking," explained Yuri Korzh, Global Money's Director of Corporate Management and Payment System Control. “Partnerships between payment systems and banks to implement new products will be one of the main trends of 2013," he remarked.
The first such project has already been implemented at more than 1,500 State Savings Bank of Ukraine (Oschadbank) ATMs. In particular, now all holders of payment cards issued by this bank can top up their mobile accounts both of GSM and CDMA networks, and pay for Internet and IP telephony services. At the present time, 24 service providers are available Oschadbank ATM menus, a list that will constantly be expanding. The vast majority of devices work around the clock, providing maximum availability of services for the holders of more than 7 million Oschadbank cards.
"Improvement in the quality of client service, constant expansion of the list of products and services, including alternative channels for interacting with clients – these are priorities for the development of Oschadbank – which for many years has been an example of stability and reliability," commented Anton Tyutyun, Oschadbank's Deputy Chair of the Board.
Global Money

According to The National Bank of Ukraine, GlobalMoney payment system is the leader of the Ukrainian market of electronic money. E-money is issued by the State Savings Bank of Ukraine (Oschadbank).

The system is allowing to pay for goods and services online (via electronics wallets) and offline (via own network of agents). Partner network consists of more than 55 000 network entrance points. Company works with leading Ukrainian companies in various segments. The system performs more than 300 000 transactions daily. Growth rate of this indicator 20-40% per month.

http://https://www.globalmoney.ua
Oschadbank

The Public Joint-Stock Company “State Savings Bank of Ukraine” is one of the largest financial institutions in Ukraine, having the most extensive branch network in the country. Oschadbank is the only Ukrainian bank that enjoys the unique state guarantee on all retail deposits. JSC “Oschadbank” is the most reliable bank according to the “Korrespondent” magazine and the investment company “Dragon Capital” and also holds its leadership in deposit reliability rating according to the Internet-magazine “Real economy”.

http://www.oschadnybank.com
OpenWay Group

OpenWay Group was founded over 15 years ago. We develop WAY4, an innovative e-payment processing framework for banks, payment processors, telcos and petrol companies.

OpenWay was initially headquartered in Brussels, Belgium with one R&D team there and another in St. Petersburg, Russia. Today we are a global company with 10 offices and 130 customers around the world.

Our portfolio consists of WAY4 Card and Merchant Management, Financial Switching, Personalised Channel Banking, Prepaid Cards, E-Commerce, Mobile Payments, Digital Wallet, DCC, Fuel Cards, and other solutions.

Our customers include tier-1 giants, mid-size companies, and ambitious start-ups:

WAY4 live installations consistently demonstrate high performance; for example, 90 million cards issued and authorized on a single platform and 12 million POS/ATM clearing transactions processed daily by a single acquirer.

OpenWay, known for its commitment to long-term relationships, both serves customers locally and provides global support. Today our team unites approximately 500 payment business, digital technology, and security professionals.


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