Compass Plus boosts market position following successful migration for Network International Egypt

Compass Plus marks a milestone in its long-term relationship with Network International, the leading enabler of digital commerce in the Middle East and Africa (MEA). Following the successful migration of Network’s 12 Egyptian issuer processor clients (banks) to Compass Plus software from legacy infrastructures in 2019, Compass Plus is looking to apply its experience and expertise to similar projects globally.

Seeking a higher level of integration and a simplified method of configuration for its issuer processing clients in Egypt, Network International contracted Compass Plus software, enhancing its 14-year partnership with the provider. The successful migration has enabled Network International to offer superior services and support to financial institutions in Egypt.

“Africa and the Middle East represent a key market for us and we are delighted to have played a part in exposing potentially valuable new revenue streams for Network International,” said Alexey Osipov, EVP & MEA Managing Director at Compass Plus. “The flexibility of our solutions makes them ideally placed to accommodate for the dynamic market we are seeing in Africa.

We are delighted to strengthen our long-standing relationship with Network International by enabling the company to offer scalable, faster and more flexible support to its issuer processor clients in Egypt. We are ready and equipped with the right expertise to carry out similar migrations globally,” added Osipov.

Added Hany Fekry, Managing Director of Network International’s operations in Egypt: “As a scale player in the evolving payments industry across the MEA region, we were looking to team up with a proven, reliable software company that could support our needs in a majority of markets. Compass Plus has proven itself a flexible, reliable partner in our migration journey, and we look forward to a continued relationship as we support our clients across the region.”