Technology

HyperPay, the MENA region’s largest and fastest-growing payment services provider, has expanded its partnership with ACI Worldwide (NASDAQ: ACIW), a global leader in payments technology. The collaboration, announced during HyperPay’s participation at Seamless Saudi Arabia 2024 in Riyadh, aims to advance AI-powered payment innovation throughout the region.

This partnership grants HyperPay access to ACI’s cutting-edge technologies, including its Payments Orchestration Platform and Payment Intelligence and Fraud Orchestration Platform, which incorporate AI and machine learning. These tools will enable HyperPay to streamline payments, minimize costs, enhance conversion rates, and deliver robust, automated fraud protection. By using AI-driven analytics to gain insights into consumer behavior, HyperPay can optimize user interactions, reduce payment friction, and improve acceptance rates.

As the MENA region continues to experience rapid growth in real-time payments, Saudi Arabia stands out as a major contributor, driven by Saudi Vision 2030’s goal to achieve 70% non-cash transactions by 2030. HyperPay CEO Muhannad Ebwini stated, “Our partnership with ACI Worldwide supports our commitment to advancing digital payment innovation, enhancing payment experiences, and ensuring transaction security as we expand into new markets.”

Santhosh Rao, Senior Vice President, MEASA at ACI Worldwide, emphasized the alignment of both companies' strategic vision: “Together, ACI and HyperPay aim to revolutionize digital payments, offering fast, secure, and frictionless experiences while leveraging AI to shape the future of payments across MENA.”

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