NAPLES, Fla.--(BUSINESS WIRE)--
ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that HyperPay, a leading Payment Service Provider (PSP), is utilizing ACI’s UP eCommerce Payments solution to drive growth in the burgeoning Middle East-North Africa region.
The UP eCommerce Payments solution, which includes the ACI PAY.ON eCommerce gateway and ACI ReD Shield real-time fraud prevention capabilities, enables HyperPay to deliver branded payment gateway solutions to over 350 banks and merchants in Saudi Arabia, Jordan, the UAE and Lebanon—including the 50 largest merchants in the Middle East. An ACI customer since it was founded in 2013, HyperPay is one of the fastest-growing PSPs in the MENA region, having achieved a 35 percent average growth in transaction volume each month since the start of 2016.
“ACI is a key partner for us,” said Muhannad Ebwini, CEO of HyperPay. “The continuous expansion of our banking network and our strong growth this year is due in large part to ACI’s UP eCommerce Payments solution, which allows us to add new payment methods for our customers throughout the MENA region. Thanks to ACI, we are consistently expanding our global reach to online and mobile shoppers.”
“eCommerce and mCommerce growth in the Middle East and North Africa has created vast opportunity for innovative PSPs like HyperPay,” said Manish Patel, vice president and general manager, Middle East, Africa and South Asia, ACI Worldwide. “By leveraging the UP eCommerce Payments solution, HyperPay can deliver branded, secure payment solutions to its bank and merchant customers; ACI’s scalable solution enables HyperPay to handle increasing cross-border transaction volumes and relevant locally-preferred payment methods as the company increases its footprint.”
The UP eCommerce Payments solution provides banks, payment providers, retailers and eCommerce companies a complete solution with rapid integration, global connections and high-tech real-time fraud prevention. Providing connectivity to more than 350 alternative payment methods and card acquirers in over 160 countries, UP eCommerce Payments empowers merchants and the banks and payment service providers (PSPs) that serve them to capitalize on the $2.2 trillion global eCommerce opportunity by embracing payments innovation.
About ACI Worldwide
ACI Worldwide, the Universal
Payments (UP) company, powers electronic
payments for more than 5,100 organizations around the world. More
than 1,000 of the largest financial institutions and intermediaries as
well as thousands of global
merchants rely on ACI to execute $14 trillion each day in payments
and securities. In addition, myriad organizations utilize our electronic
bill presentment and payment services. Through our comprehensive
suite of software and SaaS-based
solutions, we deliver real-time, immediate
payments capabilities and enable the industry’s most complete omni-channel
payments experience. To learn more about ACI, please visit www.aciworldwide.com.
You can also find us on Twitter @ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2016.
ACI, ACI Payment Systems, the
ACI logo and all ACI product 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.
Product roadmaps are for informational purposes only and may not be incorporated into a contract or agreement. The development release and timing of future product releases remains at ACI’s sole discretion. ACI is providing the following information in accordance with ACI's standard product communication policies. Any resulting features, functionality, and enhancements or timing of release of such features, functionality, and enhancements are at the sole discretion of ACI and may be modified without notice. All product roadmap or other similar information does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making a purchasing decision.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160926005083/en/
