Business
ACI Worldwide and Arab Financial Services To Drive Payments Modernization for Banks and Merchants in the Middle East
AFS – the leading digital payment solutions provider and fintech enabler in the Middle East and Africa – will utilize ACI Enterprise Payments Platform and
About this update from Aci Worldwide, Inc.
[{"type":"text","content":"\nAFS – the leading digital payment solutions provider and fintech enabler in the Middle East and Africa – will utilize ACI Enterprise Payments Platform and ACI Payments Orchestration Platform to drive digital payments modernization in the region\n\n\n DUBAI, United Arab Emirates--(BUSINESS WIRE)--\nACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, today announced a 10-year strategic partnership with Arab Financial Services (AFS), the Middle East and Africa region’s leading digital payment solutions provider and fintech enabler. This partnership will see them collaboratively drive digital payments modernization for banks, fintechs and merchants across the region.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240401365606/en/Left to Right: Samer Soliman, CEO, Arab Financial Services; Santhosh Rao, Senior Vice President, MEASA, ACI Worldwide (Photo: Business Wire)\nRegulated by the Central Bank of Bahrain, AFS is owned by a total of 37 banks and financial institutions and serves over 60 clients in more than 20 countries across the Middle East and Africa region. The company provides numerous groundbreaking, end-to-end digital payment products, services and solutions to banks and merchant groups. AFS’ innovative approach to the provision of financial services is evidenced by a series of market-leading payment services that span card processing services, merchant acquiring, fintech solutions and value-added services.\n\n\nWith this strategic partnership, AFS will utilize ACI Enterprise Payments Platform, a single transaction processing platform for all payment types, backed by cutting-edge security, flexible cloud-ready technology and multi-language, multi-currency, multi-institution capabilities to drive the retail banking modernization for its banking and fintech customers.\n\n\nThe company will also deploy ACI Payments Orchestration Platform, enabling its merchant customers to orchestrate payments using one solution, one platform and one API integration for optimal conversion rates at minimal operation costs. It will allow merchants and payment service providers to provide customers more seamless and secure customer journeys.\n\n\n“Arab Financial Services is thrilled to embark on a strategic partnership with ACI Worldwid...