--- title: Payment Ponderings - A GPC Blog | remittances description: remittances | Global Processing Centre explores topics affecting the payments and fintech industries. --- [![](https://blog.globalprocessingcentre.com/hubfs/GPC-logo%20refresh-1.svg)](https://blog.globalprocessingcentre.com/) Open main menu Close main menu # Payment Ponderings - A GPC Blog Select Category analytics API atm bitcoin BuyNowPayLater carbonoffset cash climate climatechange cross-border data dcc fintech FIs ISO issuing kiosk mobilewallet payments processing remittances security Posts about: ## remittances ![](https://blog.globalprocessingcentre.com/hubfs/hand-holding-jigsaw-puzzles-business-partnership-2021-08-30-22-02-42-utc%20sm-1.png) [fintech,](https://blog.globalprocessingcentre.com/blog/tag/fintech) [payments,](https://blog.globalprocessingcentre.com/blog/tag/payments) [cross-border,](https://blog.globalprocessingcentre.com/blog/tag/cross-border) [remittances,](https://blog.globalprocessingcentre.com/blog/tag/remittances) [mobilewallet,](https://blog.globalprocessingcentre.com/blog/tag/mobilewallet) [security,](https://blog.globalprocessingcentre.com/blog/tag/security) [issuing](https://blog.globalprocessingcentre.com/blog/tag/issuing) ### [GPC and Compass Plus Technologies celebrate 10 years of ground-breaking payments innovation](https://blog.globalprocessingcentre.com/blog/gpc-and-compass-plus-technologies-celebrate-10-years-of-ground-breaking-payments-innovation-1) Feb 9, 2023 9:02:48 AM **Global Processing Centre (**[GPC](https://globalprocessingcentre.com/)**), one of the largest payments processors in Latin America and the Caribbean, and Compass Plus Technologies, an international provider of retail banking and electronic payments software, are celebrating 10 years of successful collaboration.** GPC’s journey with Compass Plus Technologies started in 2012, when the processor embarked on a project to migrate away from its legacy system to launch a modern, scalable issuing and acquiring payments platform to better serve financial institutions (FIs) in Latin America and the Caribbean. This was to help GPC meet its strategic vision to facilitate a strong financial ecosystem and payment architecture, and provide convenient, secure and modern payment services to FIs in the region. Impressively, the migration of the processor’s entire card base and POS terminal network was completed in just three months. Since then, GPC and Compass Plus Technologies have worked together over the past decade to deliver many exciting projects including: - Multiple integrations with third parties such as Western Union to support prepaid card loading - Enabling in-branch instant card issuance - Supporting Fintech customers by offering them [TranzAxis](https://compassplustechnologies.com/tranzaxis.html) in a Platform as a Service capacity in order to launch innovative products at speed - Launching SugaPay, a local payment ecosystem consisting of reloadable cards, POS terminals and a mobile wallet, which facilitated card payment acceptance for small businesses at large-scale entertainment events in Antigua - Enabling Mastercard, Visa and UnionPay POS acquiring for merchants - Supporting GPC’s expansion into the Canadian Independent ATM deployer (IAD) market, with acquiring services for Visa, Mastercard and Canadian Interac Today, Compass Plus Technologies empowers GPC to deliver premium payment processing solutions globally to retail ATM operators, financial institutions and Fintechs across the Caribbean, Latin America and Canada, processing over 700,000 transactions monthly. *“From day one of our partnership, Compass Plus Technologies has provided us with the technology, skills and expertise we needed to expand and grow. They have played a big part in the development of our business, helping us solve the unique challenges we face and to deliver better experiences to our customers. We have enjoyed working together over the past decade and have grown to become long-term strategic partners. We look for to continuing our work to revolutionise the payments market.”*commented Justin Stuart-Young, Head of Information Technology at Global Processing Centre. Carlos Seer, AVP, Business Development Director at Compass Plus Technologies, said: *“We’re extremely excited to have reached such a significant milestone in our partnership with GPC. It is an honour to work with such a forward-thinking business, helping them grow and expand their offering to better serve FIs and merchants across North America and the Caribbean. GPC have built a market-leading processing business using our technology and we are excited about what the future of our partnership will bring in terms of further innovations and developments.”* [Compass Plus](https://blog.globalprocessingcentre.com/blog/author/compass-plus) [Read More](https://blog.globalprocessingcentre.com/blog/gpc-and-compass-plus-technologies-celebrate-10-years-of-ground-breaking-payments-innovation-1) ![](https://blog.globalprocessingcentre.com/hubfs/remittence.png) [cash,](https://blog.globalprocessingcentre.com/blog/tag/cash) [payments,](https://blog.globalprocessingcentre.com/blog/tag/payments) [cross-border,](https://blog.globalprocessingcentre.com/blog/tag/cross-border) [remittances,](https://blog.globalprocessingcentre.com/blog/tag/remittances) [mobilewallet](https://blog.globalprocessingcentre.com/blog/tag/mobilewallet) ### [Digital Remittances – the new age of the remittance industry](https://blog.globalprocessingcentre.com/blog/digital-remittances-the-new-age-of-the-remittance-industry) Oct 3, 2022 11:00:18 AM As with many payment trends, the pandemic accelerated the remittance industry to go digital and allow for fintech innovation to put pressure on traditional means of remittances. A remittance can be described as one person sending money to another, often in another country. It is a multi-billion dollar industry with hundreds of millions of migrant workers sending money home to their families, in order to assist with education, healthcare and other every day finances. In many cases, these remittances fully support their families in their country of origin. Very often, bank accounts are not involved. ![SSouthwell](https://app.hubspot.com/settings/avatar/0e465ff110b493b3d318f2b4f7bc8851) [SSouthwell](https://blog.globalprocessingcentre.com/blog/author/ssouthwell) [Read More](https://blog.globalprocessingcentre.com/blog/digital-remittances-the-new-age-of-the-remittance-industry) #### About - [About GPC](https://globalprocessingcentre.com/about/) #### Services - [Financial Institutions](https://globalprocessingcentre.com/financial-institutions/) - [Independent ATM Operators](https://globalprocessingcentre.com/independent-service-operators/) - [Conglomerates](https://globalprocessingcentre.com/conglomerates/) #### Fintech - [Fintech Solutions](https://globalprocessingcentre.com/fintech-solutions/) [Follow us on Facebook](https://www.facebook.com/GlobalProcessingCentre) [Follow us on LinkedIn](https://www.linkedin.com/company/global-processing-centre/?viewAsMember=true)