ACI Worldwide & Mexipay to boost real-time payments in Mexico

By Delisha Fernandes

ACI Worldwide, a real-time payments software, has partnered with FinTech  company Mexipay to boost payment innovation in México. Mexipay will leverage ACI Enterprise Payments Platform to deploy ISO 20022 real-time payments and other innovative payment services in México.

Expected to go live in early 2024, Mexipay´s new real-time payments technology will accelerate financial inclusion to a broader portion of the unbanked population in México. By leveraging ISO 20022 real-time payments, Mexipay will complement the current real-time capabilities in the country with new innovative payment services and an unbeatable time to market.

The ACI Enterprise Payments Platform is an end-to-end payments hub solution that will provide Mexipay with payments orchestration via the capabilities of the ACI Low Value Real-Time Payments solution.

“We are excited to announce this alliance and support Mexipay to ensure the success of México’s real-time payments strategy,” said Leonardo Escobar, Senior Vice President – Head of LATAM, ACI Worldwide. “México has a huge and unique opportunity to be one of the biggest real-time schemes in the region. We encourage this initiative to disrupt the ecosystem and enable world-class real-time payments services.”

ACI Enterprise Payment Platform can be deployed on-premise or in the cloud, enabling banks to future-proof their payments infrastructure and intelligently orchestrate all payment types across consumer, merchant and corporate payments. It can be extended with further solutions for ACI High-Value Real-Time Payments, ACI Issuing, ACI Acquiring, ATM and Self-Service Banking, and ACI’s artificial intelligence-powered ACI Fraud Management.

“We are very excited to be ACI Worldwide’s partner in México for real-time payments as our partnership will allow us to boost ISO 20022 technology in the country by facilitating modernization, innovation and time to market to the participants in the ecosystem,” said Fabian Uribe, co-founder and CEO of Mexipay. “With this partnership, Mexipay will be able to provide access to the unattended small to medium banks segment, as well as the merchant industry, through the implementation and operation of our platform built around ACI’s solutions, delivering managed services to the market, something that was not possible before in México. That means a complete set of new opportunities.”