ACI Worldwide has announced that HyperPay, a Payment Service Provider (PSP), is utilizing ACI’s UP eCommerce Payments solution to drive growth in the burgeoning Middle East-North Africa region.
The UP eCommerce Payments solution, which includes the ACI PAY.ON eCommerce gateway and ACI ReD Shield real-time fraud prevention capabilities, enables HyperPay to deliver branded payment gateway solutions to over 350 banks and merchants in Saudi Arabia, Jordan, the UAE and Lebanon—including the 50 largest merchants in the Middle East.
An ACI customer since it was founded in 2013, HyperPay is one of the fastest-growing PSPs in the MENA region, having achieved a 35 percent average growth in transaction volume each month since the start of 2016.
“ACI is a key partner for us,” said Muhannad Ebwini, CEO of HyperPay. “The continuous expansion of our banking network and our strong growth this year is due in large part to ACI’s UP eCommerce Payments solution, which allows us to add new payment methods for our customers throughout the MENA region. Thanks to ACI, we are consistently expanding our global reach to online and mobile shoppers.”
“eCommerce and mCommerce growth in the Middle East and North Africa has created vast opportunity for innovative PSPs like HyperPay,” said Manish Patel, vice president and general manager, Middle East, Africa and South Asia, ACI Worldwide. “By leveraging the UP eCommerce Payments solution, HyperPay can deliver branded, secure payment solutions to its bank and merchant customers; ACI’s scalable solution enables HyperPay to handle increasing cross-border transaction volumes and relevant locally-preferred payment methods as the company increases its footprint.”
The UP eCommerce Payments solution provides banks, payment providers, retailers and eCommerce companies a complete solution with rapid integration, global connections and high-tech real-time fraud prevention.
Providing connectivity to more than 350 alternative payment methods and card acquirers in over 160 countries, UP eCommerce Payments empowers merchants and the banks and payment service providers (PSPs) that serve them to capitalize on the $2.2 trillion global eCommerce opportunity by embracing payments innovation.