EPAM : and OpenWay Form Partnership to Drive Digital Transformation in Payments Industry
September 13, 2016 at 09:55 am EDT
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NEWTOWN, PA - September 13, 2016 - EPAM Systems, Inc. (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.
WAY4 is a complete omnichannel 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 has forced market leaders and new players to reconsider their business models, along with 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. '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.'
EPAM Systems Inc. published this content on 13 September 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 September 2016 13:55:01 UTC.
Original documenthttps://www.epam.com/about/news-and-events/press-releases/2016/epam-and-openway-form-partnership-to-drive-digital-transformation-in-payments-industry
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EPAM Systems, Inc. specializes in the development and marketing of advanced digital solutions for companies and organizations. The group offers software engineering services, development and management of digital platforms, maintenance and optimization of IT infrastructures, consulting to companies, etc. Net sales break down by activity area as follows:
- travel, transport and retail (22.9%);
- financial services (21.7%);
- information services and media (16.1%);
- software and technology (15.1%);
- life sciences and health (10.4%);
- other (13.8%).
Net sales are distributed geographically as follows: the United States (56.2%), the United Kingdom (12.5%), Switzerland (7.8%), the Netherlands (5%), Germany (3.8%), Canada (2.1%), Russia (0.3%), and other (12.3%).
EPAM SYSTEMS, INC. 
