ACI Worldwide announces a ten-year strategic partnership with Arab Financial Services to drive digital payments modernization for banks, fintechs and merchants across MENA.
Commenting on the partnership, AFS CEO Samer Soliman says that AFS will utilize ACI Enterprise Payments Platform, a single transaction processing platform for all payment types, backed by secure, flexible cloud-ready technology and multi-language, multi-currency, multi-institution capabilities to drive the retail banking modernization for its banking and fintech customers.
“Arab Financial Services is thrilled to embark on a strategic partnership with ACI Worldwide. As the payments landscape becomes ever more intricate and prone to disruption, a reliable technology partner offering industry-leading solutions is crucial. Together, AFS and ACI Worldwide are committed to empower our customers with cutting-edge technology that streamlines operations, fosters growth and unlocks new levels of profitability,” says Soliman.”
According to Soliman, AFS will also deploy ACI Payments Orchestration Platform, enabling its merchant customers to orchestrate payments using one solution, one platform and one API integration for optimal conversion rates at minimal operation costs. He claims that it will allow merchants and payment service providers to provide customers more seamless and secure customer journeys.
Regulated by the Central Bank of Bahrain, AFS is owned by 37 banks and financial institutions and serves over 60 clients in more than 20 countries across the Middle East and Africa region. The company provides numerous end-to-end digital payment products, services and solutions to banks and merchant groups.
ACI Worldwide Senior VP Santhosh Rao says they look forward to supporting AFS’s customers on their digital transformation journey.
“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. Our flexible, agile and innovative payment software solutions will now be available to banks, financial institutions and merchants across the region. AFS is now in a strong position to support all customers in the region on their quest for digital transformation and innovation, while enabling the resiliency and service quality required by next-generation payment systems,” says Rao.
Notes from the Editor: Arab Financial Services (AFS) was formed in 1984 to provide payment products, services and expertise to banks and merchant groups. AFS has a global footprint in the Kingdom of Bahrain, Arab Republic of Egypt, Sultanate of Oman, and the United Arab Emirates.
