AFS and ACI Worldwide Enterprise Payments Platform have a 10-year strategic partnership. AFS will use the ACI Worldwide Enterprise Payments Platform, which is a single platform for processing payments of all kinds and is supported by state-of-the-art security, cloud-ready technology that is flexible, and multi-language, multi-currency, multi-institution capabilities, to drive the modernization of retail banking for its banking and fintech clients.

Over 60 clients across the Middle East and Africa are served by AFS, which is owned by 37 banks and financial institutions and is governed by the Central Bank of Bahrain. The company offers banks and merchant groups a variety of innovative, end-to-end digital payment systems, services, and solutions.


"A dependable technology partner offering industry-leading solutions is crucial as the payments landscape becomes ever more intricate and prone to disruption," said Samer Soliman, CEO of Arab Financial Services.

"AFS and ACI Worldwide are dedicated to providing our clients with state-of-the-art technology that not only facilitates growth but also unlocks unprecedented levels of profitability."

The market-leading payment services offered by AFS, which include value-added services, merchant acquisition, fintech solutions, and card processing services, demonstrate the company's approach to providing financial services.
 

Increasing conversion rates to their maximum

Additionally, AFS will roll out the ACI Payments Orchestration Platform, which will let its merchant clients orchestrate payments with only one platform, one solution, and one API integration for the best conversion rates and lowest possible operating expenses. It will make it possible for retailers and payment processors to offer customers more secure and smooth customer experiences.

"ACI's partnership with Arab Financial Services is an important milestone in our strategy to support banks and merchants in the Middle East in their quest for digital payments modernization," said Santhosh Rao, senior vice president of MEASA at ACI Worldwide.
 

Banks, financial institutions, and retailers around the area will now have access to our inventive, adaptable, and quick payment software solutions. Today, AFS is well-positioned to assist all clients in the area in their pursuit of innovation and digital transformation, all the while facilitating the resilience and high caliber of service needed by next-generation payment systems.