BORICA and OpenWay Recognized at PAY360 Awards for Bulgaria's Euro Payment Transition
BORICA AD and OpenWay have been awarded the Best Partnership Initiative Award at the PAY360 Awards 2026 in London. The award recognizes their collaborative effort to modernize Bulgaria’s payment infrastructure, particularly during its transition to the euro on January 1, 2026. Since 2018, BORICA and OpenWay have worked together using Way4, a real-time digital payments platform, to upgrade card processing systems. The project involved over 35 banks, fintechs, government institutions, and technology partners in extensive testing before the cutover date. On January 1, Bulgaria successfully processed its first euro ATM withdrawal within seconds of midnight. In the initial 48 hours after the transition, more than 930,000 transactions totaling nearly €42 million were completed without any unplanned downtime. The partnership was praised for ensuring continuity in everyday payment services during a major national transformation.
Topics: Bulgaria euro transition payments technology partnership