MENA’s HyperPay, ACI Worldwide bolster AI-driven payment at Seamless KSA 2024

Riyadh – Mubasher: HyperPay, MENA’s largest and fastest-growing payment services provider, has partnered with ACI Worldwide to facilitate AI-driven payment innovations across the region.

The partnership was signed on the sidelines of HyperPay’s participation in Seamless Saudi Arabia 2024, which is being held at the Riyadh Front Exhibition Centre between October 22 and 24.

HyperPay offers an all-in-one payment platform that empowers e-commerce and retail providers to accept payments, efficiently manage risks, and track results.

Under the partnership, HyperPay will leverage ACI’s Payments Orchestration Platform to streamline all payments within a single platform, ensuring optimal conversion rates and minimal operational costs.

Additionally, the company will utilise ACI’s Payment Intelligence and Fraud Orchestration Platform which is integrated with AI and machine learning (ML). This will automate fraud protection and access key analytics on consumer behaviours, which in turn will boost interactions, lower friction, and enhance acceptance rates.

Muhannad Ebwini, Founder and CEO of HyperPay, said: “Our partnership with ACI Worldwide supports our global and forward-looking outlook to expand into new markets and introduce new products and services with speed and agility.”

Santhosh Rao, Senior Vice President, MEASA, ACI Worldwide, commented: "Through this partnership, ACI and HyperPay aim to empower customers by offering fast, secure and frictionless payment experiences.”

“The partnership further underscores our joint strategic vision of leveraging advanced AI-driven technologies to promote innovation and positively shape the future of digital payments across the MENA region and beyond,” Rao added.

During Seamless Saudi Arabia 2023, HyperPay secured strategic partnerships with key organisations to reshape the fintech landscape and improve customer experiences.

In March 2023, HyperPay unveiled plans to launch its initial public offering (IPO) to expand business in Saudi Arabia. 

Source: Mubasher Source: {{details.article.source}}