FAQ: NewNet AccessGuard 1000 Deployment for Ethiopian Acquiring Bank
Summary
NewNet Secure Transactions and Advantech Africa have successfully deployed the AccessGuard 1000 system for a major acquiring bank in Ethiopia, enhancing payment network security and operational efficiency while positioning the bank for future growth in the African financial market.
What is the main announcement in this content?
NewNet Secure Transactions Inc. and Advantech Africa have successfully deployed the AccessGuard 1000 system for a leading acquiring bank in Ethiopia, marking a significant milestone in payment network access and secure transaction management.
Where and when did this deployment take place?
The deployment occurred in Addis Ababa, Ethiopia, and was announced on October 29, 2025.
Who are the key organizations involved in this deployment?
NewNet Secure Transactions Inc. is the technology provider, Advantech Africa is the reseller partner in Ethiopia, and the deployment was for a major acquiring bank in the region (specific bank name not provided).
What are the key benefits of the AccessGuard 1000 system for the bank?
The system provides enhanced security through industry-leading encryption, improved operational efficiency through streamlined routing and switching services, and scalability to adapt to growing transaction volumes for long-term reliability.
What specific services does the AccessGuard 1000 system provide?
It enhances Payment Network Access Concentration, Secure Transport, Routing, and Switching services for the acquiring bank’s payment operations.
Why is this deployment significant for the Ethiopian financial market?
This deployment revitalizes payment network access and secure transaction management, enabling the acquiring bank to provide superior payment services and reinforcing its position as a leading financial institution in Ethiopia’s fast-growing market.
What broader payment solutions does NewNet Secure Transactions offer?
NewNet powers secure payment routing, switching and transport for digital payments, ecommerce, mobile, real-time payments, A2A/M2M, QR, and POS payments, with capabilities for future technologies like Agentic Payments, AI Augmentation, CBDC, Open Banking, and Web3 payments.
How can interested parties get more information or request a demo?
Parties can request demos or information about NewNet’s solutions at newnet.com or by contacting [email protected], and can contact Advantech Africa at [email protected].
What did the CEOs of both companies say about this partnership?
Krishna Viswanadham of NewNet highlighted their commitment to revolutionizing FinTech in Africa, while Abel Chala of Advantech Africa emphasized how the solution empowers acquirers to offer superior services and achieve operational excellence in the Ethiopian market.
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