Banco Safra picks ACI Worldwide to underpin US expansion
Brazilian private bank Banco Safra has selected ACI Worldwide to underpin a planned expansion into the US.
ACI already worked with Banco Safra in Brazil
Banco Safra selected the vendor’s UP Retail Payments solution and UP Framework deployed in the public cloud via Microsoft Azure.
The bank chose to go with ACI Worldwide due to a successful partnership in Brazil surrounding the former’s SafraPay solution.
“Our plans to expand into the US market will depend heavily on our speed-to-market and ability to scale as our business grows,” says Helio Sarfaty, CEO of SafraPay.
“ACI’s cloud-optimised solutions will help us meet these technical needs and lower our capital expenditure and their deep expertise will also help us navigate the US market and its complexities.”
Banco Safra, founded in 1955, is the sixth largest in its home country by assets. It is a member of the Safra Group of banks and financial institutions, which hold a cumulative $173 billion under management.
“In the highly fragmented US acquiring market, innovative and emerging fintechs like SafraPay require a simple, reliable solution that they can trust,” says Mandy Killam, executive vice president and growth markets leader at ACI Worldwide.
“With ACI’s solutions and public cloud capabilities from Microsoft, SafraPay will have the flexibility to adapt to an evolving digital payments landscape and thrive amid the market disruption.”
Related: Greensill acquires Colombian fintech Omni to turbocharge LatAm growth
