Curated News
By: NewsRamp Editorial Staff
October 29, 2025

NewNet & Advantech Transform Ethiopian Banking with Secure Payment Tech

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Original Source

TLDR

  • NewNet's AccessGuard 1000 deployment gives the Ethiopian Acquiring Bank a competitive edge through enhanced security and operational efficiency in payment processing.
  • The AccessGuard 1000 system works by providing secure transport, routing, and switching services with industry-leading encryption to streamline payment network operations.
  • This deployment improves financial services accessibility and security for Ethiopian customers, advancing digital payment infrastructure across the African market.
  • NewNet's technology enables the Ethiopian bank to handle emerging payment methods like QR codes and real-time payments while preparing for future innovations.

Impact - Why it Matters

This deployment represents a significant advancement in Ethiopia's financial infrastructure that directly impacts both businesses and consumers. For merchants and businesses, it means faster, more secure payment processing with reduced operational bottlenecks, potentially lowering transaction costs and improving cash flow. For consumers, it translates to more reliable payment experiences whether using mobile payments, QR codes, or traditional POS systems. The enhanced security protocols protect sensitive financial data across all transaction types, reducing fraud risk. As Ethiopia's economy continues to grow and digitalize, this infrastructure upgrade positions the country for better integration with global financial systems and supports the broader adoption of digital payments, which is crucial for financial inclusion and economic development across Africa.

Summary

NewNet Secure Transactions Inc., in partnership with Advantech Africa, has successfully deployed its AccessGuard 1000 systems for a leading banking acquirer in Ethiopia, marking a transformative milestone in the region's payment infrastructure. This collaboration between the global fintech solutions provider and its Ethiopian reseller partner brings advanced payment network access concentration, secure transport, routing, and switching services to the acquiring bank, demonstrating the power of international technological partnerships in emerging markets. The deployment showcases how global expertise combined with local implementation capabilities can revolutionize financial services in fast-growing African economies.

The AccessGuard 1000 system delivers significant advantages including industry-leading encryption and secure transaction protocols that safeguard sensitive financial data, streamlined routing and switching services that reduce processing time and operational bottlenecks, and scalable architecture designed to adapt to growing transaction volumes. Krishna Viswanadham, CEO of NewNet Secure Transactions Inc., emphasized that this deployment highlights their commitment to revolutionizing FinTech by delivering omni-channel advanced payment infrastructure solutions that empower modernization and elevate security and compliance. Abel Chala, CEO at Advantech Africa, noted that the enhanced security, efficiency, and scalability empower acquirers to offer superior services to merchants while meeting evolving financial sector demands.

NewNet's payment solutions power secure payment routing, switching, and transport for high volumes of digital payments, ecommerce, mobile transactions, real-time payments, and various payment methods while preparing for future industry developments including Agentic Payments, AI Augmentation, CBDC, Open Banking, and Web3 payments. The company invites interested parties to request a demo of their payment solutions and broader use cases or access their thought leadership and industry-specific White Papers at newnet.com, providing comprehensive resources for financial institutions seeking to modernize their payment infrastructure and stay competitive in the rapidly evolving digital finance landscape.

Source Statement

This curated news summary relied on content disributed by 24-7 Press Release. Read the original source here, NewNet & Advantech Transform Ethiopian Banking with Secure Payment Tech

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