- Kumari Bank selects Compass Plus Technologies as its new payment processor.
- The transition from local to international processing is seen as a “pivotal moment” for the bank.
- Compass Plus was chosen for flexibility, adaptability, and scalability in the Nepalese market.
- Compass Plus handles operations such as transaction switching, ATM and POS acquiring, card issuance, and more.
- Over 500,000 cards, 1,200 POS terminals, and almost 300 ATMs migrated in the transformation project.
- Kumari Bank aims to expand payment offerings, including securing Mastercard and UnionPay certification.
- Nabil Bank in Nepal had previously migrated its card processing business to Compass Plus Technologies in 2018.
