American ACI Worldwide extends partnership with Vocalink in Saudi Arabia

Florida-headquartered ACI Worldwide, a real-time electronic payment solutions provider firm, on Tuesday announced that it is aiding fast bank adoption of real-time payments in Saudi Arabia with its Universal Payments (UP) real-time payments solution.

“ACI’s solution offers participating Saudi banks faster and lower-risk onboarding to the new real-time services through its global partnership with Vocalink, a Mastercard company and a technology provider,” the statement on Business Wire added.

Vocalink announced last week that it has partnered with the Saudi Arabian Monetary Authority (SAMA) to launch real-time payments in the Kingdom.

“ACI’s real-time payments will provide Saudi Arabia’s financial services sector with the industry’s most complete platform to launch innovative new services based around real-time payments, while minimizing delivery risk,” Craig Saks, Chief Operating Officer, ACI Worldwide, said.