ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced that allpago, the leading payment service provider (PSP) in Latin America, has achieved 150 percent annual growth, in terms of volume of transactions, with ACI. A long-standing ACI customer, allpago enables companies globally to do business and accept payments across Latin America, incorporating locally-preferred credit cards and alternative payment methods via location-based checkout.

According to eMarketer, Brazil is the only country in Latin America included in the top 10 global retail eCommerce markets—with double digit growth expected through 2018.

"We are able to achieve a consistently high growth rate in large part because of ACI UP eCommerce Payments. The solution’s reliability, flexibility and scalability give us the ability to quickly and easily offer payment options that merchants and customers want,” said Philipp Bock, CEO, allpago, "Our products and services, coupled with the UP eCommerce Payments solution, provide all variety of payments accepted in countries like Brazil, where our customers can customize their checkout experience based on location through which they significantly increase their revenues.”

"Merchants often view the complex, country-level payments landscape as a barrier to entry,” said Markus Rinderer, senior vice president, ACI Worldwide. ”By leveraging the UP eCommerce Payments solution, allpago allows merchants with global ambitions to easily offer the necessary local payment methods to their customers, which translates into higher conversion rates and increased sales in growing markets throughout the dynamic Latin America region—and across the globe.”

The SaaS-based UP eCommerce Payments solution provides payment providers, retailers and eCommerce companies a complete solution with rapid integration, global connections and high-tech real-time fraud prevention. Providing connectivity to more than 350 alternative payment methods and card acquirers in over 160 countries, UP eCommerce Payments empowers merchants and the payment service providers (PSPs) that serve them to capitalize on the $2.2 trillion global eCommerce opportunity by embracing payments innovation.