Newsroom

The Central Bank of Mongolia, also known as the Bank of Mongolia, has successfully completed a national project to migrate its entire payments infrastructure to Compass Plus solutions. Due to increasing transaction volumes, the bank needed a scalable, reliable, and trusted solution that could service large volumes of transactions, as well as a vendor that could provide the bank with the support they required.

To enable it to keep up with its projected business growth, National Commercial Bank (NCB) in Vietnam has migrated its in-house processing centre to TranzAxis, an open development payments platform, from Compass Plus.

As part of a project to offer its customers convenient and safe ways to make payments on the go, Banco ProCredit Ecuador, with support from Quipu, has become the first bank in the country to offer its clients the possibility of making payments through Garmin and Fitbit watches.

Compass Plus has teamed up with independent newswire and information source for the worldwide financial technology community, Finextra, to launch a new impact study: ‘Cut through the noise: 5 key considerations when selecting your payments platform’.

Compass Plus’ European Sales Director, Paul Chandler took part in one of Fintech Finance’s Virtual Arenas alongside Brian McKenney, Chief Innovation Officer at HSBC, to discuss the future of payment platforms.

Less than two years after SINNAD went live with its new processing platform built on Compass Plus software, SINNAD has completed the migration of the largest Islamic bank in Bahrain to its system.

Compass Plus and independent global payments consultancy Consult Hyperion have joined forces to make industry professionals question whether payments platforms that are entering their fourth decade can truly meet their future business needs in a new white paper and webinar.

Kenya Commercial Bank (KCB) is positioned as the leading banking group in East Africa, according to the latest 2020 Global Finance ranking. The financial magazine also identified KCB as one of the top 10 safest African banks in terms of liquidity, growth, profitability, operational efficiency and soundness.

SINNAD, a leading GCC third-party payment service provider based in Bahrain, has teamed up with trusted partner Compass Plus to enable its customer banks to offer consumers seamless and secure mobile payments through BenefitPay, the country’s national electronic wallet payment system. As part of the project, SINNAD successfully certified its processing centre, built on Compass Plus solutions, with the tokenisation service from Bahrain Electronic Network for Financial Transactions (BENEFIT).

As part of a major strategy to make the lives of both consumers and merchants easier in Bangladesh, City Bank has launched the country’s first interoperable QR code payments solution in collaboration with Compass Plus. The new solution brings together four key international payments networks –American Express, Visa, Mastercard and UnionPay - in one QR code.