Newsroom

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.

The Fintech Power 50 recognises organisations and individuals that are making a significant impact on the financial services landscape, and Compass Plus Technologies stands out for its trailblazing contributions. With a focus on innovative technology and robust payment solutions, Compass Plus Technologies has been at the forefront of driving positive change in the industry.

Unified Payments (UP), Nigeria’s premier financial technology service provider, has successfully launched its e-commerce gateway services built on the new state-of-the-art payment gateway platform from Compass Plus Technologies.

TransBank’s decision to migrate its card management system to TranzAxis was driven by its desire to bring its card operations in-house, empowering the bank to independently develop and launch customer-centric card products and services at greater speeds.