ACI Worldwide has announced that iNet, Saudi Arabia’s first independent Saudi Central Bank-licensed Network Service Provider (NSP), has joined its Retail Payment Solutions (RPS) for Postilion program to enhance the Kingdom’s burgeoning fintech ecosystem. This collaboration aims to bolster the country’s payment infrastructure and support its digital transformation goals.
Under this partnership, iNet will deploy and manage a Point of Sale (POS) infrastructure utilizing ACI Postilion, an acquiring platform designed to enable banks, fintechs, and merchants to deliver fast and seamless omnichannel transaction processing while maintaining compliance with evolving regulatory standards. Earlier this year, iNet secured principal licenses to operate as an independent POS NSP, allowing it to provide POS services directly to banks and merchants. iNet, an ACI customer since 2006, is joining the RPS for Postilion program to broaden its market reach and service portfolio.
iNet currently processes over 5 million transactions daily and plans for significant scaling, aligning with Saudi Arabia’s Vision 2030. This strategic blueprint aims to boost the Kingdom’s fintech sector by fostering a cashless society and building a future-ready digital financial ecosystem.
“The rapid expansion of Saudi Arabia’s fintech sector underscores the need for a resilient, locally anchored infrastructure to scale securely and sustainably,” said Turki Almadi, Executive Vice President, iNet. “iNet’s POS infrastructure, powered by Postilion, combines our deep local expertise with ACI’s 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.”
The RPS for Postilion platform will empower iNet to drive payment innovation and deliver new services such as SoftPOS, QR payments, link-based payments, and digital wallets. The infrastructure is deployed across two PCI-compliant data centers in Saudi Arabia, featuring an active-active setup to ensure high availability and minimize service disruptions. This positioning places iNet to be a strategic technology partner for major events, including Saudi Arabia’s FIFA World Cup 2034, supporting the Kingdom’s ambition to showcase cutting-edge innovation in digital infrastructure.
“Our partnership with iNet is grounded in a shared vision to simplify payments, unlock new growth opportunities and support the Kingdom’s journey toward a digital-first economy,” commented Alexis Haessler, Regional Head, Middle East, ACI Worldwide. “Together, we are creating a frictionless and interoperable payment experience and powering a modern, inclusive and future-ready financial ecosystem.”
