Global payments technology company ACI Worldwide partnered with cryptocurrency payments processor BitPay to expand its digital asset solutions for merchants and payment service providers (PSPs). The strategic agreement will see BitPayâs crypto payment processing capabilities integrated into ACIâs Payments Orchestration Platform.
The collaboration is designed to meet the growing demand from retailers for cryptocurrency acceptance. According to a recent study by ACI Worldwide and Payments Dive, 55 per cent of global retailers are currently evaluating the addition of cryptocurrency as a payment option.
Expanding digital asset capabilities for merchants
By integrating BitPay into its Payments Orchestration Platform, ACI is enabling its merchant and PSP clients to seamlessly accept and manage digital currencies, including stablecoins, alongside traditional payment methods. Building on capabilities first introduced by ACI in 2021, the integration provides access to upgraded features, including the ability to accept, store, and spend cryptocurrencies. BitPayâs platform supports a range of use cases, from peer-to-peer payments to mobile point-of-sale applications.
The integrated solution also supports settlement in both fiat and stablecoins, offering greater flexibility for merchants operating in diverse international markets. According to the companies, businesses can leverage stablecoins for treasury operations, supplier payments, and cross-border settlements.
âAs regulated stablecoins evolve from niche to mainstream, theyâre creating new opportunities for cross-border transactions and settlement optimisation,â said Adriana Iordan, global head of merchant at ACI Worldwide. âOur partnership with BitPay represents one element of our broader digital assets strategy. Based on growing demand from our PSPs and merchant clients, weâre ensuring they have multiple pathways to leverage these emerging rails where they add value â whether for payment acceptance or specific use cases like cross-border B2B settlements and treasury operations.â
A rail-agnostic approach to payments orchestration
The partnership is part of ACIâs wider strategy to maintain a rail-agnostic approach, expanding its digital assets ecosystem through various partnerships and integrations as the market matures. The companyâs Payment Orchestration Platform is designed to streamline the complexity of managing multiple payment methods, acquirers, and gateways through a single, unified interface.
By incorporating a range of digital currency solutions, merchants and PSPs can explore new revenue opportunities, with ACI reporting that clients typically see a one to three per cent growth in sales where such options are implemented.
âTogether with ACI Worldwide, weâre making digital currencies more accessible and practical for real-world commerce,â said Stephen Pair, co-founder and chief executive officer at BitPay. âThis partnership brings our proven crypto payment capabilities to ACIâs global customer base, enabling everything from simple payment acceptance to cross-border settlement scenarios as market demand develops.â
Iordan added: âACI Worldwide remains committed to a rail-agnostic approach, expanding its digital assets ecosystem through additional partnerships and integrations as the market matures. This ensures our clients are prepared to leverage digital payment innovations as use cases emerge and regulatory frameworks solidify.â
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