BORICA and OpenWay Win PAY360 Award for Bulgaria's Euro Payment Transition
BORICA AD and OpenWay have been awarded the Best Partnership Initiative at the PAY360 Awards in London, recognizing their collaboration on transforming Bulgaria’s payment infrastructure ahead of its transition to the euro. The partnership focused on modernizing national card processing systems while ensuring uninterrupted daily transactions during the currency switch. Since 2018, BORICA and OpenWay have worked together using Way4, a real-time digital payments platform from Openway, combining local expertise with advanced payment technology. Their efforts were tested in practice when Bulgaria adopted the euro on January 1, 2026, involving over 35 banks, fintechs, state institutions, and tech partners. The transition was highly successful: within seconds of midnight, a cash withdrawal occurred at an ATM using euros, followed by more than 930,000 transactions totaling nearly €42 million in the first two days. The collaboration ensured no unplanned outages during this critical period.
Topics: euro adoption partnerships payment systems