visimoney
TLDR: Nepal-based commercial bank, Kumari Bank, has chosen Compass Plus Technologies as its new payments processor. The bank has selected Compass Plus to overcome the limitations of its previous processing solution and transition to an international processing company. The partnership will enable Compass Plus to handle operations such as transaction switching, ATM and POS acquiring, card issuance, merchant management, and e-commerce services. Kumari Bank plans to expand its payment offerings in the future and secure Mastercard and UnionPay certification. This partnership with Compass Plus marks a significant step for the bank as it aims to thrive in the Nepalese market.
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