Newsroom

Interswitch, Africa’s leading integrated payments and digital commerce company, and Compass Plus Technologies, an international provider of retail banking and electronic payments software, have announced a partnership to further strengthen Interswitch’s payment card processing capacity in Africa.

Moneybase, a Fintech subsidiary of Calamatta Cuschieri Finance Group - Malta’s largest independent financial services firm which pioneered the Maltese financial services industry in 1971, has launched Moneybase, a new digital payments app and card issuing platform using the award-winning payments platform, TranzAxis, from Compass Plus Technologies.

The research was carried out by Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, which uncovered how the generational age gap in banking habits has gradually closed in recent years.

With latest figures showing that over 40% of consumers globally are willing to switch banks rather than put up with a less-than-optimal mobile experience, and more than 80% of bank customers in developed economies are now using a mobile as their primary banking channel, it is clear that banks that fail to anticipate their customers’ changing needs and adapt their mobile offering accordingly risk being left behind.

Compass Plus’ innovative universal mobile payments service, MobiCash, has scooped Best Mobile Payments Solutions award at the ninth annual Payments Awards. MobiCash received the accolade during an in-person awards ceremony which took place at Marriott Hotel Grosvenor Square in London on Thursday 11th November. The awards recognise excellence and innovation in the payments industry as a whole.

MOHANOKOR Microfinance Institution Plc., a leader in the provision of inclusive financial services in Cambodia, has launched an in-house processing centre using the open development payments platform, TranzAxis, from Compass Plus. The move will allow MOHANOKOR to continue its expansion into rural areas and further develop its range of products and services to meet the needs of its customers.

Compass Plus has made the final shortlist at the Banking Awards 2021 in recognition of its notable contribution to the industry to help fight the Coronavirus pandemic – aiding and supporting companies/individuals from the industry ecosystem economically, socially, and financially.

Compass Plus’ innovative universal mobile payments service, MobiCash, has been shortlisted for Best Mobile Payments Solution at the Payments Awards. The award recognises the most innovative mobile payments solutions across the globe and their contribution to the payments industry.

JCB International Co. Ltd., Japan’s only international payment brand, and Advanced Bank of Asia Ltd. (ABA Bank), the digital banking leader in Cambodia and Compass Plus customer since 2008, have signed a License Agreement and announced the launch of JCB payment acceptance in Cambodia.

Maria Nottingham, Executive Vice President at Compass Plus, has been named the winner of the Woman in PayTech Award 2021. The award recognises outstanding women for their distinguished leadership, inspiring work, and their commitment to the betterment of the wider payments industry.