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Kuwait's Real-Time Payment Scheme WAMD Surpasses 1 Million Accounts in First Year

1. ACI Worldwide's technology drives significant growth in Kuwait's real-time payment system WAMD. 2. WAMD's rapid adoption highlights ACIW's competitive edge in global payments technology.

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Why Bullish?

The growth of WAMD indicates strong demand for ACIW's technology solutions, similar to prior innovations that boosted stock value post-launch. Historical successes in expanding payment systems have correlated with positive stock price movements.

How important is it?

The partnership with KNET and the success of WAMD could lead to increased transactions, thus boosting ACIW’s revenues while enhancing brand visibility in international markets.

Why Long Term?

The establishment of a widely adopted payment system like WAMD can sustain ACIW's growth trajectory, positioning the company as a leader in a growing market segment for years.

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OMAHA, Neb. & KUWAIT CITY--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, and KNET, Kuwait's national electronic banking company, today announced that WAMD, Kuwait's real-time payment system, recorded significant growth in the number of transactions processed since its launch in June of 2024, making WAMD one of the world's most rapidly adopted real-time payment initiatives. KNET utilized ACI's Digital Central Infrastructure solution to build.

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