ACI Worldwide Partners With Kuvasz Solutions To Advance Real-Time Payments Adoption in Colombia
February 28 2024 - 7:00AM
Business Wire
- Alliance with one of Latin America’s leading providers of
professional services for the payments industry will strengthen the
adoption of Colombia’s new domestic real-time payments ecosystem by
banks, fintechs and merchants.
- Partnership will cement Colombia’s role as a real-time payments
leader in Latin America and serve as a model for future
implementations in the region.
ACI Worldwide (NASDAQ: ACIW), a global leader in
mission-critical, real-time payments software, today announced an
extension of its longstanding partnership with Kuvasz Solutions, a
leading Latin American provider of professional services for the
payments industry, to advance the adoption of Colombia’s new
domestic real-time payments ecosystem, announced by ACI and the
Colombian Central Bank in December 2023.
Kuvasz Solutions has partnered with ACI Worldwide in Latin
America for nearly 10 years, supporting the delivery and
implementation of ACI’s payment software solutions to strategic
clients across the payments ecosystem. The extension of this
partnership will offer several benefits to market participants in
Colombia. Kuvasz’s specialized knowledge of implementing ACI’s
state-of-the-art technology means that participants will benefit
from swift and secure implementation of its immediate payment
solutions, while its extensive experience across Latin America
enables the company to adapt the new offering to the needs of local
players.
“We are confident that the extension of our partnership with
Kuvasz Solutions will support the rapid adoption of the new scheme
by banks, fintechs and merchants in Colombia,” commented Leonardo
Escobar, head of Latin America, ACI Worldwide. “It means Colombian
businesses and consumers will be able to reap the many benefits of
real-time payments, including economic growth and financial
inclusion. The partnership will also serve as a model for future
implementations in the region, positioning Colombia as a leader
when it comes to real-time payments adoption in Latin America.”
“We are proud to have been chosen by ACI Worldwide as a partner
in this exciting new phase for Colombia’s real-time payments
market,” said Christian Montesdeoca, president and CEO, Kuvasz
Solutions. “We are confident that our experience and expertise will
help lay the foundation for a more inclusive financial future,
where secure real-time payment transactions will be a reality for
all Colombian citizens.”
ACI currently powers 26 domestic and pan-regional real-time
schemes across six continents – including 10 central
infrastructures – providing solutions to central banks, participant
banks, fintechs and other PSPs. Globally, ACI covers approximately
one-third of the countries that offer real-time payment services,
reaching about 1.8 billion people* served by various organizations,
including central governments, payment networks, banks, financial
institutions and fintech companies.
*Note to editors: Data provided by Global Data
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, fintechs 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. 2024
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.
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Media Contacts Nick Karoglou:
nick.karoglou@aciworldwide.com Katrin Boettger:
katrin.boettger@aciworldwide.com
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