NewNet Secure Transactions Inc., in partnership with Advantech Africa, has successfully deployed the AccessGuard 1000 (AG1K) system for a major acquiring bank in Ethiopia. The announcement, made on October 29, 2025, highlights the system's role in improving payment network access concentration, secure transport, routing, and switching services for the financial institution.
The AccessGuard 1000 is designed to provide enhanced security through industry-leading encryption and secure transaction protocols, safeguarding sensitive financial data. It also aims to improve operational efficiency by streamlining routing and switching services, reducing processing time and operational bottlenecks. The system's architecture offers scalability and flexibility to accommodate the bank's growing transaction volumes, ensuring long-term reliability.
Krishna Viswanadham, CEO of NewNet Secure Transactions Inc., emphasized the significance of the deployment: "This deployment highlights the power of our innovative technology to address the unique needs of financial institutions in the fast growing African market. It is a testament to our commitment to revolutionize FinTech by delivering omni-channel advanced payment infrastructure solutions."
Abel Chala, CEO at Advantech Africa, added: "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 transformative, enabling the Acquiring Bank to achieve new heights in operational excellence."
NewNet's payment solutions support high volumes of digital payments, e-commerce, mobile, real-time payments, A2A/M2M, QR, and POS payments, delivering integrated, omnichannel, multimode capabilities. The company also explores future technologies such as Agentic Payments, AI Augmentation, CBDC, Open Banking, and Web3 payments. More information about NewNet can be found at https://www.newnet.com.
Advantech Africa, a center of excellence for digital solutions across Ethiopia and Africa, focuses on payment systems deployment and support. The company combines deep industry expertise with innovative technologies to install and manage payment routing and switching solutions that integrate protocol handling, ISO 20022 support, and TLS acceleration. This deployment underscores the growing importance of secure and efficient payment infrastructure in emerging markets, positioning the acquiring bank to provide superior services and reinforce its leadership in Ethiopia's financial sector.
