At Compass Plus Technologies, we are passionate about payments technology and architecting it properly for the needs of today and tomorrow. Whether you are an established FI or a Fintech start-up, we turn contractual arrangements into long-term meaningful relationships. We’re not your typical vendor, we’re an extended family of highly skilled payments experts and proven problem solvers, focussed on delivering uncompromising quality. Our award-winning payments platform, TranzAxis, was developed for the future and designed with innovation at its core.
June 4, 2024
Our latest collaboration with Consult Hyperion delves deep into why FIs need to change their mindset when it comes to #payments ecosystem modernisation. Instead of fixating solely on the front-end, it's time to invest more in your core technology and embrace a future-proof strategy. In our latest white paper, we dissect the payment system architectures that #FIs, #banks and #processors utilise today, highlighting their benefits, disadvantages, and where they should sit in your tech stack. This white paper is a must-read for C-level execs and payments professionals seeking to break free from the chains of the past.
March 1, 2024
To be clear, this is not a call to refute the usefulness and necessity of digital transformation. This is a call to stop using the term “digital transformation” as a standalone “topic” in itself. Let’s face it, in the payments industry, digital transformation is all we know. It’s everything we’ve been doing in some form or another for the last however many decades. Yet somehow, recently it’s become a “thing”: an undefined click-bait article topic that everyone wants to read about; a buzz-term that generates larger audiences at conferences and stirs excitement that someone will say something ground-breaking.
April 1, 2024
Nigeria stands at the forefront of Africa's Islamic banking sector, boasting the largest non-interest banking market with an estimated value of $2.9 billion USD by the end of 2022. Despite the sector's growth, Nigeria currently hosts only three fully-fledged Islamic banks and two Islamic windows (conventional banks that provide Islamic banking services) with limited distribution networks. Moreover, a staggering 60% of the Muslim population in Nigeria remains unbanked. This glaring gap poses a unique opportunity for financial institutions in the country to introduce Sharia-compliant products and services, custom-tailored to the needs of this substantial demographic.
April 4, 2024
In a strategic move towards enhancing its technological capabilities, Kumari Bank, one of Nepal's leading commercial banks, has selected Compass Plus Technologies as its processor. The collaboration marks a pivotal moment for Kumari Bank as it transitions from its previous local processing company to a global processing partner with cutting-edge, adaptable technology that will elevate its capabilities and empower it to bring new products and services to the market at pace.