ACI Worldwide (NASDAQ: ACIW), the global leader in mission-critical real-time payments software, today announced a partnership with technology company RedAbierta to enhance real-time payments in Honduras. RedAbierta, the core infrastructure provider in Honduras, will leverage two ACI solutions — the ACI Corporate Payments Platform and ACI Low Value Real Time Payments — to build the core domestic real-time payments infrastructure in the country of Central America and help financial institutions to connect to the new scheme.
Expected to launch in the second quarter of 2023, the scheme will enable banks and other financial institutions to offer new digital payment services to customers. By launching real-time payments in Honduras, participating financial institutions and payment service providers aim to drive economic growth and promote financial inclusion among large sections of the population with limited access to banking services in Honduras.
“Our partnership with ACI Worldwide will enable us to strengthen the region’s digital economy by facilitating modernization and innovation in the payments ecosystem,” commented Julio Arevalo, co-founder and CEO (Executive Director) of RedAbierta. “ACI’s experience, technology and global presence has enabled us to create a modern and robust platform that will deliver an unprecedented range of new digital payment services and enable regional interoperability in the future.”
“We are delighted to announce this alliance and support RedAbierta as a strategic technology partner to ensure the success of the region’s real-time payments strategy,” said Leonardo Escobar, LATAM Director, ACI Worldwide. “The country now has an incredible opportunity to drive economic growth for customers with real-time payments. We applaud RedAbierta and participating financial institutions for their decision to adopt our innovative technologies and to drive change and transformation of the country’s payments ecosystem.”
ACI Worldwide powers 25 national and pan-regional real-time schemes on six continents — including nine core infrastructures. According to the ACI’s 2022 Prime Time for Real-Time report, South and Central America, which are in the early stages of converting to electronic payments, are the fastest growing regions for real-time payments, with forecast CAGR of more than 50% from 2021 to 2026.
About ACI Worldwide
ACI Worldwide is the global leader in mission-critical real-time payments software. Our proven, scalable, and secure software solutions enable leading corporations, fintechs, and financial disruptors to process and manage digital payments, enable omnicommerce payments, present and process bill payments, and manage fraud and risk. We combine our global presence with our local presence to drive the digital transformation of payments and real-time commerce.
About RedAbierta
RedAbierta is a regional company in Central America with leadership in the implementation of payment and telecommunications solutions. RedAbierta supports the financial banking sector by offering products, services and solutions that allow for greater efficiency and innovation, facilitating the financial inclusion of people with limited access to banking services. In the last two years, RedAbierta has implemented more than 3,000 bank agents with more than 4 banking institutions in the region, developing applications for payment methods, real-time channel monitoring and fraud prevention, loyalty systems and self-service solutions in the region.
© ACI Worldwide, Inc. 2023
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Source: BUSINESS WIRE