Security Bank Teams Up With ACI Worldwide To Revolutionize Real-Time Payment Customer Experience
Portfolio Pulse from Happy Mohamed
ACI Worldwide (NASDAQ:ACIW) and Security Bank Corporation have partnered to revolutionize the Bank's real-time payment hub. Security Bank will implement ACI's cloud-native Enterprise Payments Platform solution, unifying its payments platform and facilitating interoperability of payment services. The modernized payment hub will allow Security Bank to roll out innovative products and services faster. Real-time payment transactions in the Philippines are expected to grow from 625 million in 2022 to 1.5 billion by 2027, representing a CAGR of 18.7%.
July 13, 2023 | 12:09 pm
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ACI Worldwide's partnership with Security Bank to revolutionize its real-time payment hub could potentially boost ACI's revenues and market presence in the Philippines.
The partnership with Security Bank allows ACI Worldwide to expand its footprint in the Philippines, a market with significant growth potential for real-time payments. This could lead to increased revenues for ACI Worldwide and potentially boost its stock price in the short term.
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