BORICA AD, a company with 50-years history and experience in providing specialised solutions for over 30 financial institutions in Bulgaria and neighbouring countries, has chosen the OpenWay WAY4 digital payment software platform to transform its core business.
BORICA AD has launched this digital transformation project to enhance its existing business and provide new value-added services. OpenWay will supply a full end-to-end card processing solution for both issuing and acquiring including real-time fraud prevention and detection, e-commerce, mobile wallet and tokenization. The new platform shall enable BORICA AD’s future business growth including cross-border services’ expansion.
Without the new platform, BORICA AD would not have been able to scale the growing business and boost ROE. The processor was looking for a solution that would support local, regional and international card payments, ensure uninterrupted business operations, provide automation of back office processes, and increase speed to market.
“The project known as “BORICA New Generation” will impact significantly the whole card payment environment in the country,” says Radoslav Dimitrov, head of Cards and Terminals Division at BORICA AD.
“The tender procedure has been held among more than 10 leading international card system vendors and completing all its stages took us nearly two years. OpenWay managed to cover all our requirements for flexibility, security and business expectations. Today we are confident that this partnership will change the future of card business in Bulgaria.”
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