# BORICA and OpenWay Win PAY360 Award for Bulgaria's Euro Payments Transformation

- Link: https://www.thailand-business-news.com/pr-news/borica-and-openway-win-pay360-award-for-bulgarias-euro-payments-transformation
- Published: 2026-10-08T13:59:00+07:00
- Author: PR Newswire

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_The Best Partnership Initiative award recogni__ze__s BORICA and OpenWay for their
contribution to Bulgaria’s payments transformation and successful euro transition__._

LONDON, Oct. 8, 2026 /PRNewswire/ — [BORICA AD](https://www.borica.bg/en) and [OpenWay](https://openwaygroup.com/)
have won the **Best Partnership Initiative Award** at the **PAY360 Awards 2026**
for their work together on Bulgaria’s payment infrastructure and the country’s successful
transition to the euro.

[⌊BORICA and OpenWay receive the Best Partnership Initiative Award at the PAY360
Awards 2026 in London.⌉⌊BORICA and OpenWay receive the Best Partnership Initiative
Award at the PAY360 Awards 2026 in London.⌉[
BORICA and OpenWay receive the Best
Partnership Initiative Award at the PAY360 Awards 2026 in London.

The award recognizes the impact of a long-term partnership focused on a challenge
where there was no room for disruption: transforming critical national payment infrastructure
while ensuring that everyday card payments and ATM services continued from the first
minute of euro adoption.

Since 2018, BORICA and OpenWay have worked together to modernize Bulgaria’s card
processing infrastructure, combining BORICA’s expertise in national payment services
and ecosystem coordination with OpenWay’s Way4 real-time digital payment software
platform and payment technology expertise.

What set the initiative apart was its scale, continuity and practical impact. The
partnership was developed over years of modernization and then tested under exceptional
live conditions when Bulgaria adopted the euro on 1 January 2026.

The euro programme brought together more than 35 banks, payment service providers,
fintechs, government institutions and technology partners. BORICA and OpenWay worked
closely to prepare and execute the card processing transformation, with extensive
testing, rehearsals and operational coordination before the cutover.

The results came almost immediately after midnight. The first successful euro ATM
withdrawal was completed just 20 seconds into the new currency environment. Within
the first 48 hours, more than 930,000 card and ATM transactions worth nearly €42
million were processed with zero unplanned downtime.

**Miroslav Vichev, CEO of BORICA AD, said:**
"Our shared objective went beyond a
successful technology transition. We wanted to ensure that a transformation of this
scale could happen without disrupting the everyday payment experience. That required
years of preparation, disciplined execution and trust between our teams and across
the wider ecosystem."

**Pavel Gubin, CEO of OpenWay Group, said:"What makes this achievement distinctive
is not technology or scale alone, but what BORICA and OpenWay were able to accomplish
together. We have spent years building a payment environment designed to evolve 
without compromising continuity. Euro adoption put that approach to the ultimate
real world test, and the results speak for themselves."

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