Digital Banking

AccesBanque migrates ATM business to Compass Plus Technologies

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March 28, 2023

AccesBanque Madagascar, a commercial bank under AccesHolding Group, has migrated its ATM acquiring and card management businesses to Compass Plus Technology's processing center. The bank will use this to further grow its business by launching a credit card business, POS acquiring services and gaining Visa certification, according to a press release.

"We're delighted to be working with AccesBanque, one of the leading banks in Madagascar that's transforming the payments market in the country. Now that AccesBanque is utilizing 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," Alexey Osipov, EVP, MEA managing director at Compass, said in the release. "We look forward to strengthening our partnership and driving positive change in the Madagascan payments market."

"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," Mikhail Velichko, CEO at AccesBanque Madagascar, said in the release. "Throughout the project, we've found the Compass Plus Technologies team to be professional, reliable and extremely knowledgeable and we look forward to working together on future projects."