INTELLIGENT BRANDS // Software for Business

Mexican fintech will leverage ACI ’ s Digital Central Infrastructure solution to enable new payment options .

The extended partnership aims to drive instant payments adoption and boost economic growth and financial inclusion for Mexico ’ s businesses and consumers .

Mexipay will utilize ACI ’ s Digital Central Infrastructure solution , part of the awardwinning ACI Enterprise Payments Platform , to address the need for enhanced real-time payment services .

The platform will be built on the global ISO 20022 standard and will offer additional features such as Request to Pay and Alias management , providing participants with opportunities for new payments and revenue streams .

According to ACI ’ s latest Prime Time for Real- Time report , 3.8 billion real-time payments were processed in Mexico in 2023 – making it the 10th largest real-time payments market in the world .

But despite its head start in the region , the country is one of the slowest-growing real-time markets in Latin America , with a projected CAGR of 7.8 % between 2023 and 2028 .

“ We are excited to extend our partnership with Mexipay to bring the benefits of realtime payments to the Mexican economy ,” said Alberto Olivares , head of Latin America , ACI Worldwide .

“ Latin America is one of the most exciting growth regions for our company . Partnering with fintechs and new market entrants is crucial to drive the advancement of real-time payment ecosystems . Mexico has a fantastic opportunity to maximize the use of its realtime rails and replicate the success of other countries in the region to drive economic growth and financial inclusion .”

“ We are proud to be partnering with ACI Worldwide , the global leader in real-time payments technology and software ,” said Fabian Uribe , co-founder and CEO of Mexipay . “ This is a transformational partnership that will optimize Mexipay ’ s technological and market penetration capabilities to help government , public , and private sectors to advance the use of realtime payments in Latin America .”

ACI currently powers 26 domestic and pan-regional real-time schemes across six continents – including 10 central infrastructures – providing solutions to central banks , participant banks , fintechs , and other payment service providers .

Globally , ACI covers approximately onethird of the countries that offer real-time payment services , reaching about 3 billion people served by various organizations , including central governments , payment networks , banks , financial institutions and fintech companies .

Mexipay is a new-generation payment service provider specialized in offering managed services , focusing on boosting ISO 20022 real-time payments , promoting financial inclusion and evolving legacy technology .

Through its omnichannel platform built around ACI ’ s Enterprise Payments Platform , Mexipay provides access to small and medium banks , merchants , governments and other payment participants – pitching itself as untapping a new era of alternatives and opportunities for the complete payments ecosystem in Mexico . p

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