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 Announcements

Compass Plus and Consult Hyperion team up to delve into future ready payments platforms
Compass Plus and Consult Hyperion team up to delve into future ready payments platforms

19th November 2020

Compass Plus and independent global payments consultancy Consult Hyperion have joined forces to make industry professionals question whether payments platforms that are entering their fourth decade can truly meet their future business needs in a new white paper and webinar. Delving into the differences between payment platforms born in the...
SINNAD enables financial institutions in Bahrain to offer secure and tokenised mobile payments
SINNAD enables financial institutions in Bahrain to offer secure and tokenised mobile payments

27th October 2020

SINNAD, a leading GCC third-party payment service provider based in Bahrain, has teamed up with trusted partner Compass Plus to enable its customer banks to offer consumers seamless and secure mobile payments through BenefitPay, the country’s national electronic wallet payment system. As part of the project, SINNAD successfully...
Compass Plus helps City Bank develop first interoperable QR code payment solution in Bangladesh
Compass Plus helps City Bank develop first interoperable QR code payment solution in Bangladesh

8th October 2020

As part of a major strategy to make the lives of both consumers and merchants easier in Bangladesh, City Bank has launched the country’s first interoperable QR code payments solution in collaboration with Compass Plus. The new solution brings together four key international payments networks –American Express, Visa, Mastercard and...
Compass Plus offers something for everyone after adding support for Oracle Standard Edition
Compass Plus offers something for everyone after adding support for Oracle Standard Edition

6th October 2020

As part of its long-term business strategy to provide solutions for customers of all sizes, from established tier 1 financial institutions to small fintech enterprises, Compass Plus has added support for Oracle Standard Edition to its cloud-native open development payments platform, TranzAxis.  With many FIs around the globe looking at ways...
Techcombank and Compass Plus celebrate 15 year milestone in banking partnership
Techcombank and Compass Plus celebrate 15 year milestone in banking partnership

30th June 2020

Since issuing the first Visa card 15 years ago using solutions provided by trusted partner Compass Plus, Techcombank, one of the top commercial joint stock banks in Vietnam, has become the country’s market leader for Visa payments volume and has received numerous prestigious awards from the international payment network. Techcombank was...
Xalq Bank successfully completes implementation of TranzAxis
Xalq Bank successfully completes implementation of TranzAxis

29th June 2020

As part of a strategic project to modernise its infrastructure, Xalq Bank, one of the leading banks in Azerbaijan, has launched the open development payments platform TranzAxis from Compass Plus. The flexibility of this software solution will allow the bank to expand the range of services and products provided to customers and quickly respond to...
PayX deep dives into Open Development Payment Platforms with an independent study into TranzAxis
PayX deep dives into Open Development Payment Platforms with an independent study into TranzAxis

9th June 2020

Compass Plus, a global payments software and services vendor, and PayX, the internationally renowned payment specialists, have announced the availability of a new report that takes a deep dive into TranzAxis, the Open Development Payments Platform from Compass Plus. The software vendor chose PayX for a number of reasons, ranging from their...
Liberty Bank reinforces its fraud strategy to further protect its customers
Liberty Bank reinforces its fraud strategy to further protect its customers

4th June 2020

Liberty Bank, the third largest bank in the Georgia, has reinforced its fraud strategy to address the rising volume of fraud the industry is currently seeing. The bank has teamed up with long-term partner Compass Plus to launch a new fraud detection and prevention system built on their solutions. Following the completion of the project, which...
Unibank completes the next stage of its migration to TranzAxis
Unibank completes the next stage of its migration to TranzAxis

19th May 2020

As part of a large-scale strategic project that will substantially increase its offering and expand its business, one of the largest banks in Azerbaijan, Unibank, has successfully connected its in-house processing directly to Mastercard. The integration marks the completion of the second phase of a major project to migrate the bank’s payment...
UBRD provides an instant transfer service for its customers
UBRD provides an instant transfer service for its customers

14th May 2020

One of the largest banks in Russia, Ural Bank for Reconstruction and Development (UBRD), has become the latest financial institution to offer customers real-time P2P payments after joining the Russian Faster Payments System (FPS). UBRD customers can now instantly transfer money using just a mobile phone number to customers of other member banks. ...