Delivering innovative payment services in the public cloud is key to Conductor’s growth strategy
ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, announced that Conductor, a leading Brazilian-based card processor, is spearheading its entrance into the Latin American acquiring market using ACI’s UP Retail Payments and UP Payments Risk Management solutions, which it will deploy in the public cloud powered by Microsoft Azure.
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Conductor, leading Brazilian card processor, enters Latin America acquiring market with @ACI_worldwide’s cloud-enabled solutions powered by Microsoft Azure #payments #fintech #banking #cloud
Conductor, which has served financial institutions, fintechs and merchants for more than twenty years, recently embarked on a major initiative to expand its acquiring business. Although this business does not officially begin operations until the second half of 2020, the organization has already signed on three customers. The country’s acquiring market has seen considerable growth, and in 2019 alone, Brazilians traded BRL 1.84 trillion through credit, debit and prepaid cards, representing an increase of 18.7 percent compared to 2018.
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To capitalize on the acquiring opportunity, Conductor required a partner not only with a proven track record of digital payments success within Brazil and across Latin America, but a cloud-enabled solution capable of meeting its aggressive time-to-market and growth goals. ACI’s cloud-enabled retail payment solution allows Conductor to deliver innovative, market-leading and future-ready payment services to both its current and future customers.
“We are in growth mode and partnering with ACI—a world-class payments provider with a deep understanding of both the acquiring market and the region—is part of our expansion strategy, enabling us to meet the processing needs of this market, in an agile, flexible, robust and cost-effective manner,” said Antonio Soares, CEO, Conductor. “And as we enter new businesses, leveraging ACI’s agile cloud-enabled solutions will allow us to better serve our customers’ need and more quickly achieve our growth goals.”
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