Interswitch and ACI Worldwide Consolidate Strategic Partnership to Drive Payments Modernization across Sub-Saharan Africa
08 Noviembre 2023 - 6:00AM
Business Wire
- Interswitch, Africa’s leading integrated payments and
digital commerce company, will support the rollout of ACI’s
revolutionary Enterprise Payments Platform in key African
Markets
ACI Worldwide (NASDAQ: ACIW), a global leader in
mission-critical, real-time payments software, and Interswitch
Group, Africa’s leading integrated payments and digital commerce
company, today announced a new frontier in their 20-year-old
relationship which consolidates Interswitch’s relationship with ACI
from reseller to strategic partner status across multiple markets
in the Sub-Saharan Africa region.
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the full release here:
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Tom Warsop, CEO, ACI Worldwide (R);
Mitchell Elegbe, CEO, Interswitch (L) (Photo: Business Wire)
The partnership will enable banks, fintechs and other financial
institutions in the region to progressively transform and modernize
their payments infrastructure through ACI’s revolutionary
Enterprise Payments Platform.
On the back of this partnership, Interswitch will incorporate
the full range of payment solutions that form part of the ACI
Enterprise Payments Platform into its technology stack, enabling
banks and financial institutions across Africa to respond rapidly
to regulatory mandates, new competition and evolving trends in a
fast-changing payments landscape.
The ACI Enterprise Payments Platform is an end-to-end payments
hub solution for retail and wholesale payments and encompasses all
the capabilities of ACI Issuing, ACI Low Value Real-Time Payments,
ACI Acquiring, ATM and Self-Service Banking, and ACI Fraud
Management. The solution enables banks to future-proof their
payments infrastructure and meet new customer demands for all
payment types across consumer, merchant and corporate payments.
Interswitch, a strategic partner of ACI for more than 20 years,
will offer new innovative products and services in Nigeria and 31
other markets in Sub-Saharan Africa where the payments sector is
experiencing an unprecedented revolution and is poised to witness
significant further growth on the back of a growing young
population, increased digitization and progressive regulatory
outlook.
“We are thrilled to announce the extension of our long-term
partnership with Interswitch,” said Thomas Warsop, President and
CEO, ACI Worldwide. “Our flexible, agile and innovative payment
software solutions will now be available to banks and financial
institutions across the continent. We have committed to a long-term
investment in Africa, collaborating with local partners and
experts, and are now in a fantastic position to support all
stakeholders on their quest for digital transformation and
innovation, while enabling the resiliency and service quality
required by next-generation payment systems.”
“We are excited about our new strategic partnership with ACI
Worldwide, which essentially consolidates our 20-year relationship
across Sub-Saharan Africa,” said Mitchell Elegbe, Founder/Group
Managing Director & CEO at Interswitch. “With the continued
rise in real-time transactions and digital payments, providing
sustainable payments infrastructure to support the increased demand
in transactions is imperative. Interswitch and ACI are committed to
driving digital transformation across Africa via the deployment of
relevant digital solutions and innovative infrastructure that
optimize business efficiency and drive our customers’ growth and
profitability.”
About ACI Worldwide
ACI Worldwide is a global leader in mission-critical, real-time
payments software. Our proven, secure and scalable software
solutions enable leading corporations, fintech companies and
financial disruptors to process and manage digital payments, power
omni-commerce payments, present and process bill payments, and
manage fraud and risk. We combine our global footprint with a local
presence to drive the real-time digital transformation of payments
and commerce.
© Copyright ACI Worldwide, Inc. 2023
ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and
all ACI product/solution names are trademarks or registered
trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in
the United States, other countries or both. Other parties'
trademarks referenced are the property of their respective
owners.
About Interswitch
Interswitch is a leading technology-driven company focused on
the digitization of payments in Nigeria and other countries in
Africa. Founded in 2002, Interswitch disrupted the traditional
cash-based payments value chain in Nigeria by supporting the
introduction of electronic payments processing and switching
services.
Today, Interswitch is a leading player with critical mass in
Nigeria’s developing financial ecosystem and is active across the
payments value chain, providing a full suite of omni-channel
payment solutions. Interswitch’s vision is to make payments a
seamless part of everyday life in Africa, and its mission is to
create transaction solutions that enable individuals and
communities to prosper across Africa. Interswitch’s broad network
and robust payments platform have been instrumental to the
development of the Nigerian payments ecosystem and provide
Interswitch with the infrastructure to expand across Africa.
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version on businesswire.com: https://www.businesswire.com/news/home/20231107457724/en/
Media Relations: Nick Karoglou | Head of Communications and
Corporate Affairs | nick.karoglou@aciworldwide.com Katrin Boettger
| Director Corporate Communications |
katrin.boettger@aciworldwide.com
Interswitch Media gmcc@interswitchgroup.com
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