The 20-year partnership between Interswitch Group and ACI Worldwide, a leader in real-time payments software globally, has reached new heights as Interswitch’s relationship with ACI is now consolidated from reseller to strategic partner status in several Sub-Saharan African markets.
Through the innovative Enterprise Payments Platform from ACI, the agreement will allow banks, fintech, and other financial institutions in the area to gradually update and change their payment infrastructure.
Thanks to this partnership, Interswitch will be able to quickly adapt its technology stack to the full suite of payment solutions included in the ACI Enterprise Payments Platform. This will allow banks and other financial institutions in Africa to meet new regulations, take on new challenges, and keep up with changing market trends in the rapidly evolving payments space.
All of the features of ACI Issuing, ACI Low-Value Real-Time Payments, ACI Acquiring, ATM and self-service banking and ACI Fraud Management are included in the ACI Enterprise Payments Platform, which serves as an end-to-end payments hub solution for retail and wholesale payments.
With the help of the solution, banks can satisfy the demands of their customers and future-proof their payment infrastructure for all payment types, including corporate, merchant, and consumer payments.
Interswitch, a longtime strategic partner of ACI, will provide fresh, cutting-edge goods and services in Nigeria and thirty other Sub-Saharan African markets. In these markets, the payments industry is undergoing an unparalleled transformation and is expected to grow significantly more in the future due to rising rates of youth unemployment, increased digitization, and progressive regulatory policies.
Thomas Warsop, President and CEO of ACI, stated, “We are delighted to announce the extension of our long-term partnership with Interswitch.”
Mitchell Elegbe, the CEO and group managing director of Interswitch, said, “We are excited about our new strategic partnership with ACI Worldwide, which essentially consolidates our 20-year relationship across Sub-Saharan Africa.”
