NewNet Secure Transactions Inc. and its reseller partner in Ethiopia, Advantech Africa, announced the successful deployment of NewNet AccessGuard 1000 systems for a major acquiring bank in the region. This deployment represents a significant milestone in revitalizing payment network access and secure transaction management for the bank, according to a press release.
The AccessGuard 1000 (AG1K) system, recognized globally for its advanced capabilities, has been deployed to enhance Payment Network Access Concentration, Secure Transport, Routing, and Switching services for the acquiring bank. The collaboration between NewNet and Advantech teams ensured seamless integration, demonstrating the depth of expertise and commitment that both partners bring to the table.
The advanced technological features of AccessGuard 1000 deliver advantages including enhanced security through industry-leading encryption and secure transaction protocols, operational efficiency via streamlined routing and switching services that reduce processing time and operational bottlenecks, and scalability and flexibility designed to adapt to the bank's growing transaction volumes. With this deployment, the acquiring bank is poised to provide superior payment services to its customers, reinforcing its position as a leading financial institution in Ethiopia.
Krishna Viswanadham, CEO of NewNet Secure Transactions Inc, stated, "We are proud to have partnered with Advantech Africa to bring the AccessGuard 1000 system to the major Acquiring Bank in Ethiopia. This deployment highlights the power of our innovative technology to address the unique needs of financial institutions in the fast growing African market."
Abel Chala, CEO at Advantech Africa, said, "We are thrilled to partner with NewNet Secure Transactions Inc to bring this innovative solution to Ethiopia. The enhanced security, efficiency, and scalability of the payment solution empowers Acquirers to offer superior services to merchants while meeting the evolving demands of the financial sector."
NewNet Payment solutions power secure payment routing, switching and transport for high volumes of Digital payments, Ecommerce, Mobile, Real Time Payments, A2A/M2M, QR, POS payments, delivering integrated, omnichannel, multimode capabilities. The company gears up for future developments as the industry moves toward Agentic Payments, AI Augmentation, CBDC, Open Banking, and Web3 payments. More information can be found at https://www.newnet.com.
