back Back

Pick n Pay taps ACI Worldwide to drive payments modernization in South Africa

By Pavithra R

June 01, 2021

  • Africa
  • Pick
Share

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, has announced extending its partnership with Pick n Pay to drive payments modernization for the South African retailing leader.

Under the deal, Pick n Pay will utilize ACI Omni-Commerce, a secure, validated point-to-point encryption (P2PE) omnichannel payments platform, which delivers a safe, consistent and seamless payments experience to customers across all channels, whether in-store, online or mobile.

“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,” said Jason Piezel, head of customer applications, Pick n Pay.

ACI Omni-Commerce will enable Pick n Pay to grow its business and consolidate its technology while unlocking new payment capabilities. The solution will provide the retailer with the flexibility to react to new consumer payment preferences as well as increased self-service options.

“Africa continues to be fertile ground for payments innovation, and South Africa — as the continent’s second largest economy — plays a key role. 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,” said Brett Stevens, director, Africa, ACI Worldwide.

Established in 1975, ACI Worldwide powers electronic payments for more than 6,000 organizations around the world. Through its comprehensive suite of software solutions delivered on customers’ premises, through the public cloud or through ACI’s private cloud, the company provide real-time payment capabilities and enable omnichannel payments experience.

Previous Article

June 01, 2021

emerchantpay and Bittrex partner for enhancing payment offering

Read More
Next Article

June 01, 2021

Smartbank 86 400 launches direct-to-consumer digital home loans

Read More








IBSi Daily News Analysis

March 22, 2024

Africa

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

5 Major FinTech Acquisitions announced in March 2024

Read More

Today

Tempo France suspends classical remittances, to focus on DeFi

Read More

Today

Sindhuja Microcredit secures $14.5m in Series C Funding round

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023