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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.

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.

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.

Reinforcing the bank’s commitment to delivering high quality, innovative products, this move brings TDBM customers a fast, secure, and flexible way to pay. The milestone marks the latest chapter in TDBM’s two-decade long partnership with Compass Plus Technologies, whose software powers over 80% of the country’s banks.

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 (FIs), offering a strong local alternative to those offered by international card networks.

This landmark project saw the complete migration of City Bank’s 3,000 merchants in a single day, and marks a major milestone in the bank’s efforts to enhance its e-commerce offering for merchants and consumers alike.

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.

Quipu proudly celebrates its 20th anniversary this year, underscoring two decades of pioneering end-to-end solutions for banks and financial institutions. Compass Plus Technologies is proud to have supported Quipu in becoming a globally recognised leader in payments processing throughout this long-term partnership.

These prestigious awards aim to recognise businesses driving innovation, progressive and inspirational changes within the global financial community.

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.