Nepal Clearing House Taps ACI Worldwide to Pioneer Card Payment Central Infrastructure
Portfolio Pulse from Benzinga Newsdesk
ACI Worldwide (NASDAQ:ACIW), a leading provider of real-time payments software, has been selected by Nepal Clearing House to develop the National Payment Switch, including a card payment central infrastructure and a domestic card scheme named NEPALPAY. This initiative, under the guidance of Nepal Rastra Bank, aims to enhance card-based transaction interoperability in Nepal.
February 06, 2024 | 7:01 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
ACI Worldwide has been chosen by Nepal Clearing House to implement a national payment switch and a domestic card scheme in Nepal, indicating a significant expansion of its global footprint in real-time payments infrastructure.
The selection of ACI Worldwide by Nepal Clearing House to develop critical payments infrastructure represents a significant business win and expansion of ACI's services in the Asian market. This partnership is likely to be viewed positively by investors, as it not only demonstrates ACI's competitive strength in the global payments industry but also promises future revenue streams from a new market. The involvement in establishing a national payment switch and a domestic card scheme could lead to increased demand for ACI's services in similar projects globally, enhancing its market position and potentially its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90