Case Study: Banesco Panama grows as a fintech and ESG payments processor with OpenWay’s Way4

Banesco boosts fintech and card volume with OpenWay

Banesco Panama, a traditional bank, faced pressure from the rapid growth of fintechs and changing cardholder expectations, which challenged its legacy payment infrastructure. To address this, the bank partnered with vendor OpenWay and migrated to its Way4 digital payments software platform.

The solution implemented by OpenWay enabled Banesco Panama to reinvent itself as an innovative processor. The results included successfully onboarding numerous fintech startups across the region and supplying a large volume of cards for a major financial inclusion project in the Dominican Republic, which had a significant impact on the unbanked population.

Banesco