NAPLES, Florida – (COMMERCIAL THREAD) – ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that High Payment Solutions LLC (Hi-Pay) has successfully launched its new payment hub using multiple ACI solutions to create Mongolia’s first payment gateway service. ACI’s technology gives Hi-Pay a fundamental platform on which it can build a range of new products and services.
Hi-Pay has selected ACI’s UP eCommerce Payments solution with its Integrated secure payment gateway and fraud management capabilities, and connected to ACI’s UP real-time payments solution, to provide a modern and internationally compatible payment system for the Mongolian market, which is primarily network dependent national bank T-Card. In addition to supporting the existing T-Card network, Hi-Pay will enable alternative payment methods such as Alipay and WeChat Pay, making these payment methods available through its own mobile wallet and merchant loyalty program.
ACI’s platform-based open payment architecture provides Hi-Pay with the solutions needed to power its own mobile wallet for the domestic market, including QR code payments, and connect to card systems and to global payment methods to generate secure cross-border e-commerce. With its implementation of ACI’s UP real-time payments, Hi-Pay is well positioned to connect to real-time payment systems in the wider region and respond to the modernization of the payment infrastructure on its domestic market.
âAn increasing number of Mongolian consumers regularly shop online, using both national and cross-border e-commerce platforms to access an ever-expanding range of products,â said Battulga Naranbat, CEO of Hi-Pay. âHowever, consumers need access to secure and reliable payment methods to shop nationally and in global platforms and markets. ACI has a proven track record of helping payment service providers evolve and grow globally.
âWith its flexible implementation of our immediate payment and secure e-commerce solutions, Hi-Pay is uniquely positioned to lead the development of Mongolia’s payments ecosystem and connect it with the wider region – and the rest of the world – through global real-time payment initiatives. Said Leslie Choo, Managing Director – Asia, ACI Worldwide. âACI’s extensive global network of payment terminals gives Hi-Pay the technical connectivity and adaptability to grow with its market, easily adding relevant payment methods in the future.
ACI has an unrivaled global customer base of financial institutions and payment service providers using its real-time payment solution around the world, including live customers in Australia, Singapore, Thailand, Malaysia, Malaysia, Europe and throughout North America. ACI’s integrated payment gateway and risk management solution enable merchants to access a vast global payments network for cross-border payment processing and local acquisition solutions, coupled with advanced business intelligence and sophisticated real-time fraud prevention.
About ACI around the world
ACI Worldwide, the Universal Payments (UP) company, manages electronic payments for more than 6,000 organizations around the world. More than 1,000 of the world’s largest financial institutions and intermediaries, as well as thousands of global merchants, rely on ACI to execute $ 14 trillion every day in payments and securities. In addition, a myriad of organizations use our electronic bill submission and payment services. With our comprehensive suite of software solutions delivered to customer premises or through ACI’s private cloud, we deliver real-time immediate payment capabilities and enable the industry’s most comprehensive omnichannel payment experience. To learn more about ACI, please visit www.aciworldwide.com. You can also find us on Twitter @ACI_Worldwide.
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