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ACI Worldwide collaborates with Mastercard for real-time payment solutions

Sep. 29, 2020 3:45 AM ETMastercard Incorporated (MA) Stock, ACIW StockBy: Niloofer Shaikh, SA News Editor
  • ACI Worldwide (NASDAQ:ACIW) and Mastercard (NYSE:MA) join hands to offer best-in-class central infrastructure, payments localization and access solutions to central banks, scheme operators, financial institutions, payment service providers, and other organizations launching real-time payments initiatives.
  • A recent study analyzing global real-time, account-to-account payment volumes and forecasts across 30 global markets — projects a Compound Annual Growth Rate (CAGR) of 23.4% from 2019 to 2024.
  • “With more countries and regions embarking on the modernization of their payments systems to capitalize on real-time technologies and customer demand, the market opportunity is significant,” said Paul Stoddart, President of New Payment Platforms, Mastercard. “Working together with ACI, we will explore a wide range of opportunities to accelerate the development and usage of real-time and multi-channel payment platforms, driving choice and innovation to market participants and end customers.

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