ACI Worldwide Increases Global Reach, Powering 25 Domestic and Pan-Regional Real-Time Schemes
February 01 2023 - 2:00AM
Business Wire
ACI covers approximately one-third of the
countries that offer real-time payments services
ACI Worldwide (NASDAQ: ACIW), a global leader in
mission-critical, real-time payments software, today announced the
expansion of the global reach of its industry-leading, real-time
payments software solutions. ACI now powers 25 domestic and
pan-regional real-time schemes across six continents — including
nine central infrastructures — providing solutions to central
banks, participant banks, fintechs and other payment service
providers.
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Europe, the Middle East and the UK are ACI’s leading regional
markets, with 12 countries having integrated real-time payment
software capabilities, followed by nine countries in the
Asia-Pacific and four in the Americas region. The latest additions
to ACI’s growing client roster are the central banks of three
nations in the Middle East.
“In 2022, we signed three new countries who trust ACI to support
their central infrastructure mandates,” said Alessandro Silva, ACI
Worldwide’s chief revenue officer. “This adds to our long history
of success in Asia, where ACI powers the central infrastructure for
Indonesia, Malaysia and Thailand and supports many real-time
payments schemes across the APAC region, including Singapore,
Philippines and Australia.”
Globally, ACI covers approximately one-third of the countries
that offer real-time payments services, reaching about 1.8 billion
people* served by various organizations, including central
governments, payment networks, banks, financial institutions and
fintech companies.
ACI Worldwide’s platform expansion responds to rapidly
increasing real-time payment adoption rates worldwide. According to
intelligence by GlobalData, real-time payments will account for
nearly a quarter of global electronic payments by 2026.
Government and central intervention in national payment schemes
is the primary driver of real-time adoption, with many nations
mandating compliance or taking a consensus-driven and collaborative
approach. The European Commission unveiled draft law recently that
would require banks to offer instant payments in euros at no extra
cost, and immediate payments in the U.S. is expected to see a
strong uptick with the launch of FedNow in 2023.
From Latin America to Asia, to Africa, to Europe, governments
taking the lead have also improved economic prosperity and promoted
financial inclusion, with tangible success in strengthening GDP. By
2026, real-time payments are expected to facilitate an additional
$131 billion in GDP in the world’s top five global real-time
markets (India, China, Thailand, Brazil and South Korea), according
to ACI’s 2022 Prime Time for Real-Time report.
Debbie Guerra, chief product officer of ACI Worldwide, said,
“ACI’s decades of experience as a pioneer and trusted partner in
real-time payments has allowed us to evolve our expertise to be a
natural fit to empower payment networks, banks, merchants and
billers across the world to stay ahead of customer demand and
increasing regulatory changes and competitors for modern payments
infrastructure with real-time. Within this landscape, our customers
are accelerating the launch of new real-time payment services in
months rather than years. ACI is leading the real-time revolution,
meeting our customers at the forefront of technology with a ready
solution scalable worldwide and easily adaptable with local
requirements.”
Thomas Warsop, president and interim CEO of ACI Worldwide,
added, “Our real-time implementations represent a significant
long-term growth opportunity for ACI. The movement of funds within
seconds rather than days unlocks money — billions of dollars every
day — usually tied up in inefficient payment systems and with
intermediaries. Money that people, businesses and government can
instantly put to work to generate value, drive growth and enhance
prosperity. Removing friction from payments also removes systemic
limits on economic consumption and investment, lowers business
costs, accelerates innovation and improves financial inclusion. In
the background, ACI is powering central banks and banks, merchants
and billers, processors and acquirers to facilitate payments
end-to-end securely, reliably and in real-time across the
globe.”
*Note to editors: Data provided by Global Data
About ACI’s Real-Time Payments Software ACI’s
innovative real-time payments software accelerates speed to
market by bringing innovative payment offerings through a highly
configurable, service-oriented architecture. It facilitates faster
market share capture, bringing new customer experiences and payment
methods, including instant payments, P2P and more. It offers
value-added services for fast digital transformation through
digital overlays, partnerships and platform offerings, and
simplifies payment systems by supporting multiple global schemes
and add-on capabilities from a single implementation.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230131005963/en/
Media Relations: Nick Karoglou, I Head of Communications
and Corporate Affairs I nick.karoglou@aciworldwide.com
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