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February 22, 2021Blog Posts

Mastercard and ACI Worldwide to provide real-time payments plumbing in Peru

Finextra

Mastercard and ACI Worldwide, a leading global provider of real-time digital payment software and solutions, announced that Cámara de Compensación Electrónica (CCE) will utilize the ACI Enterprise Payments Platform to accelerate financial institutions’ access to Mastercard’s Instant Payment Service, the new real-time payments managed service that will enter Industry Testing in Peru later this year. CCE is the first customer Mastercard and ACI will collaborate on following the announcement of their alliance in September 2020. Mastercard and ACI are working together to offer best-in-class central infrastructure, payments localization and access solutions to central banks, scheme operators, financial institutions, payment service providers, and other organizations launching real-time payments initiatives.

The ACI Enterprise Payments Platform will operate alongside Mastercard’s Immediate Payments Service to simplify and speed up connectivity for participants to Peru’s new real-time ISO 20022 scheme, ahead of Industry Testing, which will begin later this year. Financial institutions will be able to connect to the new scheme via new, modern APIs.

“The volume of immediate transfers that we process each month has more than quadrupled. In January 2020, we processed 580,000, a number that increased to more than 2.8 million per month by January 2021,” said Martín Santa María, CEO, Cámara de Compensación Electrónica (CCE). “Thanks to the Mastercard and ACI Worldwide partnership, we can exceed this growth, as both consumer and business demand for real-time payments rapidly increases across the country.”

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