Insights

As the BNPL space becomes increasingly crowded and competition intensifies, the urgency for FIs and PSPs to launch their offerings sooner, rather than later, is rising.

Compass Plus Technologies earned its place on this list for its pioneering contributions to payments technology, providing secure, agile, and future-proof solutions that empower financial institutions across the globe.

In this episode of the Payments Podbyte, Mohamed Hijazi, our AVP and Regional Business Director for the Middle East & North Africa (MENA), discusses the rising popularity of digital payments, the challenges financial institutions face in adopting these methods, the opportunities for those that do, and the critical role of the right technological backbone in enabling seamless digital transactions.

The bank has partnered with Compass Plus Technologies to strengthen its multi-currency offering and empower its customers with the flexibility and convenience they need to pay for goods and access funds across borders.

Kumari Bank embarked on a project to overcome these operational challenges by migrating its key services to a more flexible and agile processor that would enable the bank to enhance customer experiences and gain greater control over its business operations.

By joining this influential network, Compass Plus Technologies aims to contribute its expertise in cutting-edge retail banking and payments solutions to help to shape the future of banking and payments in Europe.

On its journey towards greater efficiency, innovation, and financial inclusivity, AccèsBanque initiated a strategic partnership with Compass Plus Technologies, migrating its card management system, and ATM and POS acquiring services, to Compass Plus Technologies Processing Centre.