ACI Worldwide and iNet Extend Partnership to Bolster Fintech Growth in Saudi Arabia
ACI鈥檚 RPS for Postilion to power iNet鈥檚 omnichannel POS infrastructure
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鈥檚 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鈥檚 Vision 2030 鈥� a strategic blueprint to boost the Kingdom鈥檚 fintech sector by fostering a cashless society and building a future-ready digital financial ecosystem.
鈥淭he rapid expansion of Saudi Arabia鈥檚 fintech sector underscores the need for a resilient, locally anchored infrastructure to scale securely and sustainably," said Turki Almadi, Executive Vice President, iNet. 鈥渋Net鈥檚 POS infrastructure, powered by Postilion, combines our deep local expertise with ACI鈥檚 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.鈥�
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
鈥淥ur partnership with iNet is grounded in a shared vision to simplify payments, unlock new growth opportunities and support the Kingdom鈥檚 journey toward a digital-first economy,鈥� commented Alexis Haessler, Regional Head,
About ACI Worldwide
, an original innovator in global payments technology, delivers transformative software solutions that power intelligent payments orchestration in real time so , , and can drive growth, while continuously modernizing their payment infrastructures, simply and . With 50 years of trusted payments expertise, we combine our global footprint with a local presence to offer enhanced payment experiences to stay ahead of constantly changing payment challenges and opportunities.
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About iNet:
Integrated Networks LLC (INET). is a private organization founded in 2001, delivering state-of-the-art ICT solutions and services across multiple sectors for more than 20 years. is the first independent Saudi Central Bank (SAMA)-licensed Network Service Provider (NSP). iNet offers payment infrastructure solutions and services such as NSP, payment gateway, SoftPOS, HSM services and others. It operates under highly secure environment with PCI DSS certification, SAMA certification and ISO certifications.
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Media Contacts:
ACI Worldwide
Nick Karoglou | Head of Communications and Corporate Affairs | [email protected]
Lyn Kwek | Communications and Corporate Affairs Director | [email protected]
iNet
Turki Al Madi | Executive Vice President | [email protected]
Source: ACI Worldwide