AccesBanque taps Compass Plus Technologies for ATM acquiring & card management

By Gloria Methri

March 24, 2023

AccèsBanque
AccesBanque Madagascar
Africa

AccesBanque Madagascar, Africa, FinTech, ATM acquiring, Cards Management

AccesBanque Madagascar, part of AccesHolding Group, has migrated its ATM acquiring and card management businesses to Compass Plus Technologies’ processing centre.

AccesBanque’s mission is to provide diversified financial services in Madagascar that drive financial inclusion amongst MSMEs, and their families and employees. To achieve this ambition, AccesBanque decided to migrate its card management and ATM acquiring businesses to a more reliable and technically advanced processor.

Compass Plus Technologies emerged as the ideal solution due to the scalability and flexibility it offered the bank. The project included the migration of all of AccesBanque’s ATM acquiring services and Mastercard and UnionPay debit card issuing services, which was completed in under a year.

Moving forward, AccesBanque plans to expand its business offering by launching a new credit card business, implementing POS acquiring services, and becoming certified with Visa with support from Compass Plus Technologies.

Alexey Osipov, EVP, MEA Managing Director at Compass Plus Technologies, said, “We are delighted to be working with AccesBanque, one of the leading banks in Madagascar that is transforming the payments market in the country. Now that AccesBanque is utilising our state-of-the-art processing facility, it will be able to bring new products and services to market quicker than ever and will improve the banking experiences of local consumers. We look forward to strengthening our partnership and driving positive change in the Madagascan payments market.”

Mikhail Velichko, CEO at AccesBanque Madagascar, said: “The migration of our ATM acquiring and card management services to a market-leading processor is a key step towards delivering the highest quality services and experiences to our customers. The move has allowed us to further expand our business, as seen with the introduction of UnionPay cards and the launch of our credit card business. Throughout the project, we have found the Compass Plus Technologies team to be professional, reliable, and extremely knowledgeable and we look forward to working together on future projects.”

March 24, 2023