ACI Worldwide, Commercial Bank of Ethiopia to modernise payments infrastructure

Wednesday 17 October 2018 13:44 CET | News

ACI Worldwide has announced that Commercial Bank of Ethiopia is utilising ACI’s UP Retail Payments solution to modernise its payments infrastructure.

Commercial Bank of Ethiopia (CBE) takes part in Ethiopia’s move toward becoming a cashless economy. The bank is using ACI’s UP Retail Payments solution to optimise its payments environment, enabling it to upgrade its legacy systems and implement real-time, any-to-any payment capabilities.

UP Retail Payments solution combines the features and functionalities of current systems and next-generation technologies to deliver a digital payment experience. The solution supports the customer’s chosen Open API strategies through the Universal Payments Framework’s API manager capabilities, providing a path for handling real-time payments.

Earlier in 2018, ACI Worldwide has announced support for the new pan-European TARGET Instant Payment Settlement (TIPS) scheme.

For more information about ACI Worldwide, please check out a detailed profile of this company in our dedicated, industry-specific online company database.

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Keywords: ACI Worldwide, Commercial Bank of Ethiopia, UP Retail Payments, cashless economy, real-time payments, online payments
Countries: World