Finextra

ACI Worldwide, a leading global provider of real-time digital payment software and solutions, and Mastercard, the global multi-rail payments technology company, announced that they will partner to provide a wide range of real-time payment solutions globally. They will initially collaborate 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.

The real-time account-to-account payments market continues to quickly expand. Prime Time for Real-Time — a recent study analysing global real-time, account-to-account payment volumes and forecasts across 30 global markets — projects a Compound Annual Growth Rate (CAGR) of 23.4 percent from 2019 to 2024. While existing schemes around the world are adding new participants and value-added services, additional country and regional schemes are launching each year, including more than 20 schemes in varying planning stages.

With a complementary real-time payments vision, the combination of Mastercard’s central infrastructure and ACI’s payments access and real-time message transformation technology delivers an unmatched end-to-end offering.

Source

TSG has a pulse on the global payments landscape.

Interested in learning about Australia? Click here to download our Payments in Australia eReport for free!

Want payments insights from across the globe?

Check out our most recent article “Exploring Disparities Across the International Payments Landscape” that reveals insights from TSG’s ongoing Country Series, a growing collection of eReports that analyze the payments landscape of various countries across the globe.

Gain access to this exclusive collection and more through TSG’s eReports subscription.
The post ACI Worldwide and Mastercard agree collaboration pact appeared first on The Strawhecker Group.