Celebrating 20 years of Quipu’s banking and payment solutions leadership

Quipu, an esteemed partner who does IT for banking institutions, 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.

From its inception, Quipu has been committed to delivering cutting-edge, secure, and efficient payment solutions to its bank customers. Quipu’s partnership with Compass Plus Technologies first started when the company with its processing department embarked on a journey to develop an innovative, technologically efficient, fault-tolerant, profitable card business, which would provide efficient and secure payment solutions to its bank customers along with outstanding quality of service.

With software from Compass Plus Technologies serving as its technological backbone for payments, Quipu has delivered numerous innovative projects across the globe and has enabled many of its customers to transition from microfinance institutions to fully-fledged digital banks. Some of Quipu's notable projects include introducing EMV technology in Latin America, issuing Visa and Mastercard cards in various African countries, and launching premium business cards in the Balkans. Today, Quipu takes a central role in facilitating its bank customers’ transformation to cashless payments and digital card issuance, contributing to building a digital bank with every institution it partners with. Quipu is a reliable provider of e-commerce solutions in the Balkan region and supports the banks in offering their customers modern payment solutions such as digital wallets (Apple Pay, Google Pay, Garmin and ProPay).

Quipu currently provides processing services to over 30 financial institutions across 20 countries, spanning 11 different time zones. This impressive reach highlights Quipu’s exceptional ability to deliver processing services on a global scale, making it one of the only processing centres in the world with such extensive capabilities.

Lee-Anne Higgins, Account Director at Compass Plus Technologies, said: “We’re extremely excited to see Quipu reach such a significant milestone. It is an honour to work with such a forward-thinking business, helping them grow and deliver so many market-leading projects that have helped their customers remain competitive, efficient, and successfully respond to the evolving demands of various markets. Quipu has built one of the most sophisticated processing centres in the world using our technology and we are excited about what the future of our partnership will bring in terms of further innovations and developments.”

“Compass Plus Technologies has played a crucial role in our development and achievements over the years. Their innovative solutions and reliable support have helped us offer excellent services to our customers, supporting them to adapt and succeed in a fast-changing financial environment. We are delighted to mark this milestone and hope to continue working together for many more years,” said Bekim Desku, Head of Processing Centre at Quipu