Sathapana Bank has migrated from several disparate CMS and switch systems into a single infrastructure powered by Way4, OpenWay’s best-in-class digital payment software platform. This platform has simplified operations and technical support for the bank’s payments business. The Way4 technology stack, featuring end-to-end online payment processing functionality and a rule-driven, digital-first approach, has enhanced the bank’s flexibility and enabled a faster rollout of Mastercard credit cards.
Sathapana Bank, a leading commercial bank in Cambodia, is celebrating the launch of its new Sathapana Mastercard credit cards. These cards bring to customers the convenience and flexibility of the Mastercard priceless™ experience, with 1,000 unique benefits at over 90 million merchants worldwide. Besides global accessibility, Cambodian consumers gain a range of cashback rewards and special offers from hundreds of e-commerce and in-store merchants within their country.
This milestone was reached after successfully migrating the bank’s fragmented payment infrastructure, inherited from two financial institutions, to OpenWay’s best-in-class Way4 digital payments software platform. Way4 functions as a genuine online payment solution with complete functional coverage, and it is rule-driven, ensuring a digital-first, fast-to-market approach that is proven by the global and local experience of the OpenWay team. The complete migration of Sathapana’s card issuing and merchant acquiring portfolio was accomplished in a record time of 6 months.
The new top-rated, innovative platform allows Sathapana Bank to optimize its operations and double its card issuing business while expanding its acquiring processing capabilities. Sathapana Bank is now serving 25% of all Cambodian businesses, encompassing MSMES, SMEs and corporates, which testifies to the reliability and usability of its Way4-based offerings.
Mr. Fung Kai Jin, CEO of Sathapana Bank, stated: “We selected OpenWay because we need a reliable and secure payment technology partner with strong experience and customer support. This is essential to pursue our digital payment ambitions and deliver on our promise to deliver everyday banking convenience to our customers.”
Rudy Gunawan, Managing Director of OpenWay Asia, commented: “We are grateful to Sathapana Bank for their trust and proud to partner with them in delivering the best payment products to their customers. We are committed to continually providing the highest standards of financial services to our clients.”