A New Generation Bank Launches its Card Business with OpenWay

The joint OpenWay and Bank of Astana team was faced with the challenge of launching the bank’s own processing centre in record time. This was due to the sharp growth in the bank’s business. The team implemented the solution in just three months.

As part of the project, OpenWay provided the bank with a processing solution for issuing and acquiring debit products, including contactless MasterCard PayPass cards. The project also plans for integration with a partner bank’s ATM network. In the near future, Bank of Astana plans to start issuing credit cards and installment loans on the WAY4 platform and to launch a WAY4-based online system for monitoring transaction risks.

Yulia Kim, Deputy Chairman of the Board, Bank of Astana, commented: “Bank of Astana has positioned itself a new generation bank. It’s our goal to provide financial services of exceptional quality that even surpasses our clients’ expectations. OpenWay’s solution makes it possible for our bank to offer retail clients modern and innovative card products”.

Dmitry Dovgal, OpenWay’s deputy director of business development, noted: “The card market in Kazakhstan is dynamic, so it’s important to be able to react quickly and modify business according to trends and changes in technology. The WAY4 platform chosen by Bank Astana provides for flexible configuration of products and ensures system scalability and reliability”.