Business

Brazil's Banco Safra launches acquiring service SafraPay in the U.S.

Cloud-enabled solutions offered by ACI Worldwide allow scalability as the business grows in the new market

Image: SafraPay
  • 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.

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“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. 

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“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.