Mutual Trust Bank in Bangladesh revamps e-commerce acquiring services with Compass Plus Technologies
Mutual Trust Bank (MTB) in Bangladesh has migrated its e-commerce acquiring services to a new payment gateway provided by UK-based vendor Compass Plus Technologies.
MTB selects Compass Plus Technologies for payment gateway
The migration was completed in six months with the assistance of Dhaka-based payment processor ITC Consultants.
The bank says it is aiming to boost customer and merchant experiences through the adoption of a “mobile-first payment gateway with the flexibility to quickly adapt to consumer preferences”.
The gateway’s deployment is set to enhance the bank’s ability to process payments for online merchants and, according to MTB CTO Hasanur Rahman, “has enabled us to significantly upgrade our e-commerce acquiring capabilities”.
“The new system not only enhances the range of payment options we can offer,” continues Rahman, “but also ensures compliance with the highest international security standards.”
MTB, founded in 1999, supports a broad remit within Asia’s financial industry, offering retail and corporate banking, treasury and investment services.
MTB’s digital transformation to date includes a partnership with Norway’s IDEX Biometrics, which saw the bank adopt new biometric safeguards for its physical card offering using the vendor’s IDEX Pay solution in April.
