- Banco Safra provides banking solutions to both individual and business customers in Brazil and 23 other countries;
- In the U.S. SafraPay will be based on solutions in the public cloud via Microsoft Azure.
Brazil’s Banco Safra, the world’s largest privately-owned bank, will utilize ACI Worldwide‘s solutions as it expands its operations into the U.S. market with a new acquiring offering – SafraPay.
Banco Safra provides banking solutions to both individual and business customers in Brazil and 23 other countries. By deploying ACI’s solutions in the public cloud via Microsoft Azure, SafraPay will benefit from the ability to scale the solution as the business grows. ACI Worldwide is a global provider of real-time electronic payment and banking solutions.
READ ALSO: British Greensill buys Colombian fintech Omni to expand in Latin America
“Our plans to expand into the U.S. market will depend heavily on our speed-to-market and ability to scale as our business grows,” said Helio Sarfaty, CEO of SafraPay, in a statement.
The industry has begun to reap the benefits of public cloud platforms, including lower total cost of ownership (TCO), scalability, speed to market and continuous delivery pipeline, enhanced development tools, and the integration of platform services such as data analytics and artificial intelligence.
READ ALSO: Facebook launches WhatsApp Pay in Brazil
“In the highly fragmented U.S. acquiring market, innovative and emerging fintechs like SafraPay require a simple, reliable solution,” said Mandy Killam, executive vice president and growth markets leader at ACI Worldwide.
