The successful deployment of NewNet AccessGuard 1000 systems for a leading banking acquirer in Ethiopia represents a significant advancement in the country's payment infrastructure landscape. This collaboration between NewNet Secure Transactions Inc. and their Ethiopian reseller partner Advantech Africa marks a transformative step in revitalizing payment network access and secure transaction management for the financial institution. The AccessGuard 1000 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 integration demonstrates the technical expertise and commitment that both partners bring to Ethiopia's financial technology sector, addressing the unique needs of financial institutions in the fast-growing African market. The technological features of AccessGuard 1000 deliver substantial advantages to the banking institution, including industry-leading encryption and secure transaction protocols that safeguard sensitive financial data. The system's streamlined routing and switching services significantly reduce processing time and operational bottlenecks, while its scalable architecture is designed to adapt to the bank's growing transaction volumes, ensuring long-term reliability and performance.
Krishna Viswanadham, CEO of NewNet Secure Transactions Inc., emphasized the significance of this deployment, stating that it highlights the power of innovative technology to revolutionize FinTech by delivering omni-channel advanced payment infrastructure solutions that empower modernization, elevate security and compliance, and seamlessly integrate with the digital finance landscape. Abel Chala, CEO at Advantech Africa, noted that 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.
The AccessGuard 1000 system's capabilities are transformative, enabling the Acquiring Bank to achieve new heights in operational excellence and customer satisfaction while expanding frontiers in the wider Ethiopian market. NewNet payment solutions power secure payment routing, switching and transport for high volumes of digital payments, ecommerce, mobile, real time payments, A2A/M2M, QR, and POS payments, delivering integrated, omnichannel, multimode capabilities. The technology positions the banking sector for future advancements as the industry progresses toward Agentic Payments, AI Augmentation, CBDC, Open Banking, and Web3 payments. More information about NewNet Secure Transactions' digital payment infrastructure solutions can be found at https://www.newnet.com.
This deployment strengthens Ethiopia's position in the global financial technology ecosystem and demonstrates the country's readiness to adopt advanced payment infrastructure solutions that can support economic growth and financial inclusion initiatives across the region. The enhanced payment infrastructure represents a crucial step forward in modernizing Ethiopia's financial services sector, providing the foundation for continued innovation and growth in digital payments and financial technology applications throughout the country and beyond.
