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Africa’s EFT Corporation taps ACI Worldwide to drive payments innovations

By Pavithra R

November 02, 2020

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Africa’s EFT Corporation taps ACI Worldwide to drive payments innovation

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, has announced that EFT Corporation, Africa’s leading PCI Compliant and payment solutions provider is leveraging the ACI Enterprise Payments Platform to bolster its payments offerings and better serve its customers across Africa.

EFT Corporation offers end-to-end payment offerings for retail and financial institutions (FIs) across Africa. The organization has more than 80 clients and a presence in 18 countries and is committed to offering clients impeccable payment solution architecture and payment solutions through its partnerships, technical and professional resources, and collaborations with industry leaders. By integrating ACI Enterprise Payments Platform, EFT Corporation expects to enable its customers to deliver secure and seamless payment services across all channels to its African customer base.

“Today’s expanding payments ecosystem comprises more channels, devices and payment types, which requires seamless connectivity and faster time to market, as well as flexibility and scalability. Utilizing the ACI Enterprise Payments Platform will help us to future-proof our business and support our growth plans across Africa,” said Stephen Enderby, CEO, EFT Corporation.

The ACI Enterprise Payments Platform manages new payment types, standards and regulations to enable digital transformation. It is a sophisticated enterprise payments solution for acquiring and authorizing transactions across all digital payment channels. It is built on open service-oriented architecture for robust payments orchestration.

“Financial institutions and merchants need to move quickly to succeed in this challenging and dynamic environment, without compromising security and resilience of their core banking systems. Continuing its long-standing cooperation with ACI, EFT Corporation will be strongly placed to grow its market share, leveraging more of our device and channel-agnostic payments technologies as the needs of its customer base evolve,” said Dan van der Westhuizen, Director, Africa, ACI Worldwide.

Established since 1975, ACI Worldwide powers electronic payments for more than 6,000 organizations around the world. It currently supports 18 real-time domestic schemes around the world, including Zelle and TCH in the U.S., and will support FedNow as it moves toward production.

Also, read: Payments & Cards Systems and Suppliers Report 2020

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