JACCS International Vietnam Finance Company (JIVF) announced that it will be migrating to Way4, a digital payments platform from OpenWay to bolster its suite of consumer finance products.
JIVF is a member of JACCS, which was founded in Japan in 1954 and operates in the consumer loans market for motorcycle and car financing.
Way4 allows clients to build highly personalised credit products with flexible implementation whether on premise, in the cloud, or as a dedicated SaaS.
It is an end-to-end solution with unique online core, account and events management, dynamic pricing, automated workflows, card issuing and wallet management, merchant management, omni-channel, authorisation and settlement, modern APIs, and IPS interfaces.
So, it will allow JIVF to manage the full lifecycle of their payment products and offer the super online customer experience. OpenWay offers JIVF various options to help it optimise their operational costs, including managed services and end-to-end technical operations for JIVF.
Both companies will be working closely to create competitive products and co-branded credit programs with personalised rewards, instalments.
With the Way4 platform, the JIVF team can quickly launch innovative card products, create new partnership campaigns and respond to the growing demand for consumer credit.
Taniguchi Noboru, General Director, JIVF said,
“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.”
Nguyen Manh Ha, General Director, OpenWay Vietnam said,
“We are excited to partner with JIVF and fully committed to delivering best-in-class payment technologies and contributing to the company’s strategic goals.
OpenWay’s leadership globally and in Vietnam of over 15 years with help us to meet the high standards of JIVF and ensure that JIVF will receive the best support in achieving its aims.”