Banco De La República de Colombia And ACI Worldwide Partner To Power Real-Time Payments In Colombia
Portfolio Pulse from Benzinga Newsdesk
Banco de la República, Colombia's Central Bank, is partnering with ACI Worldwide (NASDAQ:ACIW) to create a new real-time payments ecosystem as part of a nationwide banking transformation project set to go live in 2025. The project aims to build an interoperable, centralized settlement and addressing services for existing and future payment schemes. This initiative is expected to drive economic growth and financial inclusion in Colombia, with real-time payments transactions projected to increase significantly. ACI Worldwide, a leader in real-time payments software, has a track record of powering 25 domestic and pan-regional real-time schemes globally.
December 13, 2023 | 2:01 pm
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ACI Worldwide is partnering with Colombia's Central Bank to develop a new real-time payments ecosystem, which is expected to enhance Colombia's financial infrastructure and drive economic growth.
The partnership with Colombia's Central Bank is a significant development for ACI Worldwide, as it not only expands their global footprint but also reinforces their position as a leader in real-time payments infrastructure. The project's success could lead to similar deals in the region and beyond, potentially increasing ACIW's market share and revenue. The positive outlook on the impact of real-time payments on Colombia's GDP growth and the expected increase in transactions provide a strong basis for anticipating a positive short-term impact on ACIW's stock price.
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