Compass Plus

Compass Plus is passionate about payments technology and architecting it properly for the needs of today and tomorrow. From start-ups and industry disruptors to recognised innovators and market leaders, our exceptional technology puts customers in the driving seat and ultimately in control of their payment ecosystems.

Company Insights

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Future-proofing your business in the evolving Brazilian payments market

19th March 2019

Brazil is the ninth largest economy in the world, but its payments market has always been regarded as extremely concentrated. This is not surprising considering the majority of debit and credit cards in circulation were issued by four major banks, and 9 in 10 cards were either Visa or Mastercard, until 2007. However, in recent years there has been...
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Utilising the ATM to enhance customer experience

18th February 2019

Non-cash transactions grew by 10.1% globally 2015-2016, according to the 2018 World Payments Report. In the US, the growth rate reported was much lower than the majority of markets - at just 5.7% - however, in terms of the number of non-cash transactions, it dominated with 148.5 billion non-cash transactions made. Despite the sheer volume of...
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Digitising payments in the Philippines to drive financial inclusion

5th October 2018

According to the World Bank, financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs; transactions, payments, savings, credit and insurance, delivered in a responsible and sustainable way. This access to a transaction account is a first step toward...
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How using prepaid cards for remittances can grow financial inclusion in LatAm

19th September 2018

Remittances to Latin America are big business. According to research by The Dialogue, the value of remittances to 17 countries in the region grew by over 8% from 2016 to 2017, reaching over $75bn. This increase far exceeds the World Bank’s forecasted 1.2% economic growth for the entire region and, in terms of scale, remittance growth was...
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The battle for electronic payments in Kenya

5th September 2018

According to the World Bank, almost 2.5 billion people in the world have no access to banking infrastructure, with an estimated 1.1 billion people unable to prove their identity – one in every seven individuals. These issues resonate in sub-Saharan Africa, where just four years ago, 66% of the population didn’t have a bank account. ...
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Millennials to drive the future of Islamic finance

11th April 2018

The Islamic banking and finance industry has been growing at a rapid rate over the last decade – around twice the pace of its conventional counterpart – with the number and geographic reach of these institutions increasing exponentially. The industry’s assets stood at $2trn in 2015 and are expected to top $3.5trn by 2021 according...
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The ATM is dead – long live the ATM!

9th January 2018

It has been well-documented that last year was the 50th anniversary of the first ATM installation in London. Tabloid newspapers across the world have speculated over the future of this self-service device, debating everything from integration with AI and robotics down to whether there really is a long-term future for these machines in our allegedly...
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Cash recycling in ATMs – innovation at its finest

23rd October 2017

It is undeniable that the financial technology space struggles defining innovation. Innovation has become synonymous with words like new, exciting, disruptive, modern, mutative, novel – to name a few.  In a recent report, the Institute of Competitiveness and Prosperity declared that because of the interpretive nature of its definition,...
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The applicability of prepaid cards in Africa: A flexible tool for a diverse region

6th September 2017

Africa is an incredibly diverse continent in terms of economies, religions, politics, infrastructure, demographics and geographies, and to assume that a payment channel that works for one country will work across the board would be a very large mistake. MPesa is a fantastic example of this; while an unprecedented success in Kenya, similar efforts...
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Financial inclusion: Accessing the unbanked and underbanked across the globe through technology

22nd March 2017

Bethan Cowper, Head of International Marketing, Compass Plus According to the World Bank, an estimated two billion working age adults worldwide – equating to just under 40 per cent of all adults – do not have access to formal, regulated banking facilities. Contrary to popular belief, these numbers aren’t just...