ACI Worldwide Strengthens Real-time Payments Capability With Investment in Mindgate Solutions, India's Leading Digital Payments Solution Provider

/ -- ACI is poised to drive the UPI (Unified Payments Interface) transaction opportunity in India and the global push to Real-time, Digital Payments
"Since its launch by NPCI in 2016, UPI has achieved incredible growth due to its ease of use and convenience," said AP Hota, former CEO of National Payments Corporation of India (NPCI) and industry thought leader. "Indeed, India is leading the global real-time and digital payments revolution, and we are seeing other markets implementing similar end-to-end solutions to drive payments modernization. The combination of ACI and Mindgate will support the continued global adoption of real-time and digital payments, while helping to drive UPI as it becomes the dominant Indian retail payments method."

"UPI has made India one of the markets to watch for innovation on top of real-time payments infrastructure," said Kieran Hines, Head of Industries, Ovum. "This alliance positions ACI Worldwide well to support future growth in the domestic market, while also enabling Mindgate to bring its products and experience to ACI's international customer base."
"We have long admired ACI, a real-time payments pioneer with a long track record of success in India and across the world. Our alliance will result in a joint solution that is future-proof, flexible and scalable," said George Sam, co-founder & business head, Mindgate Solutions. "The combination of ACI's proven switch capability along with Mindgate's overlay services, flexibility and agility will empower banks, merchants and intermediaries to fully capitalize on UPI's extraordinary growth."

"We are very excited to join forces with Mindgate. Their strong and talented team develops and delivers cutting-edge solutions and services, and we look forward to embarking on this real-time payments journey with them," said Phil Heasley, President and CEO, ACI Worldwide. "The global real-time and digital payments transaction opportunity is vast, and with the Mindgate and ACI alliance, we are well-positioned to capitalize on this growth opportunity-providing to banks, corporates, merchants and payment intermediaries the world's leading real-time payments offering."
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