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

The successful deployment of NewNet AccessGuard 1000 systems for a leading banking acquirer in Ethiopia represents a significant advancement in the country's financial technology infrastructure. This collaboration between NewNet Secure Transactions Inc. and their reseller partner Advantech Africa marks a transformative step in revitalizing payment network access and secure transaction management for the Ethiopian banking sector. 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 advanced technological features of AccessGuard 1000 deliver substantial advantages to the Ethiopian financial 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. This deployment positions the Acquiring Bank to provide superior payment services to its customers, reinforcing its leadership position in Ethiopia's financial landscape.

Krishna Viswanadham, CEO of NewNet Secure Transactions Inc., emphasized the significance of this deployment, stating that it highlights the power of innovative technology to address the unique needs of financial institutions in the fast-growing African market. 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 described as 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 prepares financial institutions for future developments as the industry progresses toward agentic payments, AI augmentation, CBDC, open banking, and Web3 payments. More information about NewNet Secure Transactions can be found at https://www.newnet.com. Advantech Africa stands as a center of excellence for delivering secure, scalable, and future-ready digital solutions across Ethiopia and Africa, with a strong focus on payment systems deployment and support.