Digital payments provider ACI Worldwide has extended its partnership with South Africa’s Pick n Pay to drive payments modernisation.
Pick n Pay plans to utilise ACI’s Omni-commerce platform to deliver secure payments to customers across all channels, including in-store, online and mobile.
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The fintech has said that this will enable it to grow and consolidate its technology while simultaneously unlocking new payment capabilities.
Jason Peisl, head of customer applications at Pick n Pay, said: “We anticipate significant growth in transaction volumes over the next ten years as a variety of innovative digital payments products are launched — the combination of scalability and flexibility that ACI Omni-Commerce offers will not only support that growth but also ensure we’re future-proofing our payments environment.
Transitioning to a service-based architecture will reduce time-to-market and equip us to respond to global payment trends, enabling us not only to maintain but to expand our leadership position within South Africa’s retail sector.”
Adding to this, Brett Stevens, director at ACI Worldwide Africa, said that South Africa is a place where payment modernisation can thrive.
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By GlobalData“Africa continues to be fertile ground for payments innovation, and South Africa — as the continent’s second largest economy — plays a key role,” he said.
“Retailers need to move quickly to succeed in this challenging and dynamic environment, without compromising security and resilience of their core systems. Continuing its long-standing cooperation with ACI, Pick n Pay is strongly placed to grow its market share, leveraging more of our device and channel-agnostic payment technologies as the needs of its customer base evolve.”
ACI Worldwide alliances
The announcement comes after ACI Worldwide has made a series of alliances to further payment innovation in 2021.
For instance, last month J.P. Morgan and ACI Worldwide collaborated to enable merchants in certain European countries to deliver in-store payment acceptance capabilities to their customers.
In addition, in March, ACI Worldwide teamed up with InComm Payments to digitise cash payments utilising a barcode payment token to make it easier for consumers to pay bills.
Furthemore, February saw Cámara de Compensación Electrónica (CCE) tap ACI Worldwide and Mastercard to accelerate financial institutions’ access to Mastercard’s instant payment service in Peru.
