ACI Enterprise Payments Platform and ACI Payments Orchestration Platform will be used by AFS, the top supplier of digital payment solutions and fintech enabler in the Middle East and Africa, to promote the modernization of digital payments in the region.
DUBAI, United Arab Emirates – Today, Arab Financial Services (AFS), the top provider of digital payment solutions and fintech enabler in the Middle East and Africa, and ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, announced a 10-year strategic partnership. Through this cooperation, they will work together to modernize digital payments for retailers, fintechs, and banks throughout the region.
AFS, which is governed by the Central Bank of Bahrain, is owned by 37 banks and financial organizations in total and provides services to more than 60 clients in more than 20 Middle Eastern and African nations. The company offers banks and merchant groups a variety of innovative, end-to-end digital payment systems, services, and solutions. AFS’s cutting-edge approach to financial services delivery is demonstrated by several industry-leading payment services, including value-added services, fintech solutions, merchant acquisition, and card processing services.
Through this strategic partnership, AFS will drive the modernization of retail banking for its banking and fintech customers by leveraging ACI Enterprise Payments Platform, a single platform for processing payments of all kinds that is supported by state-of-the-art security, flexible cloud-ready technology, and multi-language, multi-currency, multi-institution capabilities.
Additionally, the business will use the ACI Payments Orchestration Platform, which will let its merchant clients coordinate payments with only one platform, one solution, and one API integration for the best conversion rates and lowest possible operating expenses. It will make it possible for retailers and payment processors to offer customers more safe and smooth shopping experiences.
CEO of Arab Financial Services Samer Soliman stated, “Arab Financial Services is delighted to enter into a strategic partnership with ACI Worldwide.” “A trustworthy technology partner with market-leading solutions is essential as the payments ecosystem grows more complex and vulnerable to change. AFS and ACI Worldwide are dedicated to providing our clients with state-of-the-art technology that increases productivity, stimulates expansion, and opens up new avenues for profit.
Santhosh Rao, senior vice president, of MEASA, ACI Worldwide, stated, “ACI’s partnership with Arab Financial Services is an important milestone in our strategy to support banks and merchants in the Middle East in their quest for digital payments modernization.” Banks, financial institutions, and retailers around the region will now have access to our inventive, adaptable, and agile payment software solutions. AFS is now well-positioned to assist all clients in the area in their pursuit of innovation and digital transformation, all the while enabling the resilience and high level of service required by next-generation payment systems.
