The TransBank successfully migrated its card management system to Compass Plus Technologies’ “The Next 100 Global Awards” award-winning and leading payment platform TranzAxis within two months, becoming the first commercial bank in Mongolia to introduce and use the payment system.
By introducing the TranzAxis system, we will open up new opportunities for the payment system, increase business growth, meet the system requirements of international organizations, provide financial services that fully meet the needs of customers, improve the security of information and card privacy, diversify banking products and services, and ensure the continuous reliability of the system. it became possible to increase the situation.
“Compass Plus Technologies” is a UK-based technology service provider that has been continuously operating in the field of payment system development since 1989. The company operates globally and is a leading provider of payment systems and cooperates with the world’s top organizations such as VISA, Mastercard, JCB, American Express, etc.
The company’s TranzAxis system, launched in 2022, is designed to meet the needs of the ever-evolving payment ecosystem and has been recognized as a leading payment platform by Global Banking & Finance Review.
Nikolay Korovin, Director of Sales at Compass Plus Technologies, said, ‘We are happy to work with such a promising business as the Transport Development Bank and support them in realizing their vision.’
“Compass Plus Technologies” also mentioned that although the period of introduction of TranzAxis system is 12-24 months, it was put into use in two months in cooperation with the Transport Development Bank.
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