ACI Worldwide and iNet Extend Partnership to Bolster Fintech Growth in Saudi Arabia
Earlier this year, iNet secured principal licenses to operate as an independent POS NSP, allowing it to deliver POS services directly to banks and merchants. A customer of ACI since 2006, iNet will join ACI's RPS for Postilion program to broaden its market reach and service portfolio in support of this strategic leap. Today, iNet processes over 5 million transactions daily with plans to scale significantly in alignment with Saudi Arabia's Vision 2030 — a strategic blueprint to boost the Kingdom's fintech sector by fostering a cashless society and building a future-ready digital financial ecosystem.
'The rapid expansion of Saudi Arabia's fintech sector underscores the need for a resilient, locally anchored infrastructure to scale securely and sustainably,' said Turki Almadi, Executive Vice President, iNet. 'iNet's POS infrastructure, powered by Postilion, combines our deep local expertise with ACI's advanced acquiring technology, enabling fintech providers and merchants with faster speed to market, allowing them to focus on their core business without being encumbered by regulatory, technological or operational challenges.'
The RPS for Postilion platform empowers iNet to drive payment innovation and deliver new services such as SoftPOS, QR payments, link-based payments and digital wallets. Deployed across two PCI-compliant data centers in Saudi Arabia, its active-active infrastructure ensures high availability, minimizing service disruptions and operational risk. In support of the Kingdom's ambition to showcase cutting-edge innovation in digital infrastructure, iNet is well-positioned to be a strategic technology partner for major events like Saudi Arabia's FIFA World Cup 2034.
'Our partnership with iNet is grounded in a shared vision to simplify payments, unlock new growth opportunities and support the Kingdom's journey toward a digital-first economy,' commented Alexis Haessler, Regional Head, Middle East, ACI Worldwide. 'Together, we are creating a frictionless and interoperable payment experience and powering a modern, inclusive and future-ready financial ecosystem.'
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