Case Study: Truevo helps SMEs in Europe with OpenWay’s Way4 SaaS acquiring platform

Truevo grows 25% in e-commerce with OpenWay Way4 SaaS

Truevo, an acquirer targeting SMEs in Europe, faced the challenge of diversifying its portfolio and serving small to medium businesses that were uncomfortable with traditional banks. They needed a robust, cost-effective payment processing system to support their vision of a one-stop shop with integrated value-added services. They turned to vendor OpenWay, implementing their Way4 Acquiring platform.

The solution was to adopt OpenWay's Way4 Acquiring via a Software-as-a-Service (SaaS) model. This allowed Truevo to outsource daily operations and infrastructure, enabling them to focus on their core business. OpenWay's staff and their collaborative approach were key factors in the successful implementation. The results included a stronger reconciliation system to help bring down costs and a flexible foundation for growth, which proved vital as Truevo's mostly e-commerce business saw over 25% growth in 2020 despite the pandemic.

Truevo