digital payments<\/a> and support the Kingdom\u2019s cashless goals.<\/p>\nEarlier this year, iNet secured principal licences to operate independently as a POS NSP, enabling the company to deliver POS services directly to banks and merchants across Saudi Arabia. A customer of ACI since 2006, iNet will now adopt the Postilion acquiring platform to deploy and manage a modern POS infrastructure that supports fast, omnichannel transaction processing while ensuring compliance with evolving local regulations.<\/p>\n
At present, iNet handles over five million transactions daily. Through its partnership with ACI, the company intends to significantly scale its operations in line with Saudi Arabia\u2019s Vision 2030, which sets out to transform the Kingdom\u2019s payments ecosystem and encourage the shift towards digital transactions.<\/p>\n
The Postilion platform will provide iNet with enhanced capabilities, including support for SoftPOS, QR payments, link-based payments and digital wallets. These services will run on an active-active infrastructure across two PCI-compliant data centres within Saudi Arabia, designed to ensure high service availability and reduce operational risks.<\/p>\n
Turki Almadi, Executive Vice President at iNet,<\/strong> said, \u201cThe rapid expansion of Saudi Arabia\u2019s fintech sector underscores the need for a resilient, locally anchored infrastructure to scale securely and sustainably. iNet\u2019s POS infrastructure, powered by Postilion, combines our deep local expertise with ACI\u2019s 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.\u201d<\/p>\nAlexis Haessler, Regional Head, Middle East at ACI Worldwide,<\/strong> said, \u201cOur partnership with iNet is grounded in a shared vision to simplify payments, unlock new growth opportunities and support the Kingdom\u2019s journey towards a digital-first economy. Together, we are creating a frictionless and interoperable payment experience and powering a modern, inclusive and future-ready financial ecosystem.\u201d<\/p>\nLooking ahead, iNet\u2019s strengthened infrastructure is expected to contribute to major national projects and events, including Saudi Arabia\u2019s hosting of the FIFA World Cup in 2034, reinforcing the country\u2019s ambitions to showcase technological leadership in digital financial services.<\/p>\n","protected":false},"author":35851,"featured_media":568959,"parent":0,"template":"","categories":[11395,43159,41779,11368,11376,42764,11379,35279,41795,11378,11384],"tags":[12689,11668,11649,50283,11438,11515,50282,16136,12801,13725],"class_list":["post-568958","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-analytics","category-apis","category-banktech","category-core-banking","category-digital-banking","category-digital-payments","category-lending","category-loans","category-mobile-banking","category-open-banking","category-payments","tag-aci-worldwide","tag-cross-border-payments","tag-digital-banking","tag-digital-payements","tag-digital-payments","tag-fintech","tag-inet","tag-mena","tag-payments","tag-saudi-arabia"],"acf":[],"yoast_head":"\n
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