NewNet and Advantech Africa Deploy AccessGuard 1000 System for Ethiopian Banking Institution

The successful deployment of NewNet AccessGuard 1000 systems for a leading acquiring bank 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 financial institutions operating in the region.

The AccessGuard 1000 system, globally recognized for its advanced capabilities, has been specifically deployed to enhance Payment Network Access Concentration, Secure Transport, Routing, and Switching services for the acquiring bank. The seamless integration achieved through the collaboration between NewNet Secure Transactions and Advantech teams demonstrates the technical expertise and commitment both partners bring to Ethiopia's financial technology sector. This deployment comes at a critical time as Ethiopia's financial market experiences rapid growth and digital transformation.

The technological features of AccessGuard 1000 deliver substantial advantages to the acquiring bank, 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. These enhancements position the bank to provide superior payment services to its customers while reinforcing its status as a leading financial institution in Ethiopia.

Krishna Viswanadham, CEO of NewNet Secure Transactions Inc., emphasized the significance of this deployment, noting that it highlights the power of innovative technology to address the unique needs of financial institutions in Africa's rapidly expanding market. The partnership demonstrates NewNet's commitment to revolutionizing 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, echoed this sentiment, describing how 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 implications of this deployment extend beyond the immediate benefits to the acquiring bank. As NewNet payment solutions power secure payment routing, switching and transport for high volumes of digital payments, ecommerce, mobile transactions, real-time payments, A2A/M2M, QR code payments, and POS transactions, this implementation sets a new standard for payment infrastructure in Ethiopia. The system's integrated, omnichannel, multimode capabilities position the Ethiopian financial sector for future advancements including Agentic Payments, AI Augmentation, CBDC, Open Banking, and Web3 payments. More information about NewNet Secure Transactions can be found at https://www.newnet.com.

This deployment represents a milestone in Ethiopia's financial technology evolution, providing a foundation for enhanced security, operational efficiency, and scalability that will benefit not only the immediate banking institution but also the broader Ethiopian financial ecosystem. The successful implementation demonstrates how strategic partnerships between global technology providers and local expertise can drive meaningful progress in emerging markets, potentially serving as a model for similar deployments across Africa and other developing regions.