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.
Oct. 1, 2024
What’s holding back your financial institution (FI) — outdated systems or outdated mindsets? Despite warnings of obsolescence, legacy systems remain central to many FIs payment ecosystems. So, what’s going on? How do these outdated systems fit in today’s complex payment architecture? And why does true transformation remain elusive? Join us in conversation with Consult Hyperion as we take a look at what’s really holding the industry back. Link to the webinar here.
Nov. 1, 2024
Kuala Lumpur, Malaysia – 29th October 2024 – Mutual Trust Bank PLC (MTB), one of the top-performing banks in Bangladesh, has successfully migrated its e-commerce acquiring services to a state-of-the-art payment gateway from Compass Plus Technologies. Driven by a commitment to enhance customer and merchant experiences, MTB embarked on a strategic journey to adopt a mobile-first payment gateway with the flexibility to quickly adapt to consumer preferences. The migration not only upgrades the bank’s service capabilities, but has also enabled it to achieve 3DS 2.2 certification, ensuring secure, seamless transactions. The project, a collaboration between MTB, Compass Plus Technologies, and ITC Consultants PLC, was completed in just six months. MTB is a valued customer of ITC Consultants, the largest third-party payment processor in Bangladesh. ITC Consultants are a long-standing customer of Compass Plus Technologies and utilise its software to manage their switch, card management, personal
Dec. 1, 2024
Kuala Lumpur, Malaysia – 3rd December 2024 – Fonepay, Nepal’s largest interoperable payment network, has unveiled its first virtual credit card, marking a significant milestone in its mission to establish itself as a fully-fledged locally operated payment network in the country. Developed in collaboration with Compass Plus Technologies and its award-winning payments platform, TranzAxis, the innovative service is designed to provide a secure, flexible, and cost-effective digital credit solution for Nepal’s financial institutions, offering a strong local alternative to those offered by international card networks. For more information, please contact Declan Kinsella at PR@compassplustechnologies.com / +44 115 753 0120.