Hutch and Bancstac Partner to Accelerate Digital Payment Innovation

Hutch, a leading mobile operator and subsidiary of Hong Kong-listed Fortune 500 conglomerate, CK Hutchison Holdings (CKHH), announces the strategic partnership with Bancstac to launch innovative payment acceptance capabilities across all Hutch digital payment channels to support its business growth.

(November 2023)

Hatton National Bank partners with Bancstac for innovative eCommercie payment solutions

The partnership enables HNB merchants to accept secure online payments from Visa, Mastercard, UnionPay International and dynamic QR code checkouts through HNB’s cutting-edge Internet Payment Gateway (IPG) powered by Bancstac. Moreover, merchants can provide international customers with price certainty in their home currency by enabling HNB’s real-time currency conversion service over IPG for Visa and Mastercard International cards. Merchants who wish to accept American Express, Diners Club and Discover Network payments via seamless integration to the HNB IPG can apply to Bancstac, the authorized payment aggregator for American Express, Diners Club and Discover Network.

(October 2023)

Bancstac achieves PCI 3DS certification as bank 3DS 2.0 MPI host server for all major card schemes

Bancstac delivers critical payment security solutions to further reduce risk of fraud to banks and businesses.

(August 2023)

NBD Ventures T&T Opportunity Fund partners with Bancstac -supporting global payments across 160 countries in 120 currencies.

Bancstac supports the NBD T&T Fund’s unique technology ecosystem by enabling automated payments through its bank partners to industry participants in near real time whilst algorithmically reconciling later cash settlements to the NBD T&T Fund.

(September 2022)

DFCC Bank partners with Bancstac – empowers businesses to accept online payments from major international cards

Through its strategic partnership with Bancstac, in addition to Visa and Mastercard, merchants are now able to seamlessly accept payments from UnionPay International, American Express, Discover Network and Diners Club, along with domestic payment methods such as LankaPay-JCB Cards and LANKAQR.

(September 2022)

First local bank to enable online payments for UnionPay International 3DS 2.0

Sampath Bank extends strategic partnership with Bancstac becoming the first local bank to enable online payments for UnionPay International 3DS 2.0

(April 2022)

Strategic global partnership with UnionPay International and Bancstac

UnionPay International, the world’s largest card scheme with over 7 billion cards issued globally, partners with Bancstac to enable innovative online card acceptance capabilities for bank members and merchants.

(January 2022)

First local bank to enable dynamic presented merchant LankaQR codes via internet payment gateway

Sampath Bank extends strategic partnership with Bancstac, becoming the first local bank to enable dynamic presented merchant LankaQR Codes via internet payment gateway

(January 2022)

First local bank to facilitate online payments from six major issuer networks

Sampath Bank extends partnership with Bancstac, to become first local bank to facilitate online payments from six major issuer networks

(July 2021)

Nations Trust Bank | American Express partners with Bancstac, to offer innovative online payment capabilities

(July 2021)

Bancstac completes strategic funding round

We successfully closed an equity and debt funding round from Monaco based PE Capital and Hong Kong based NBD Ventures valuing Bancstac at US$150 million.

(December 2020)

Bancstac Selected as Finalist for the Citi Treasury and Trade Solutions Asia Pacific Mega FinTech Accelerator Program

We are excited to share that Bancstac has been selected as a finalist for the Citi Treasury and Trade Solutions Asia Pacific Mega FinTech Accelerator Program. The program reached out to over 3,500 FinTechs globally before the final 12 were selected to explore different opportunities with the bank. We look forward to working with our mentors from the Citi Innovation Lab and the Treasury and Trade Solutions team in the region to explore potential solutions that can bring value to Citi’s corporate clients.

(September 2020)

Bancstac is certified PCI DSS level 1 version 3.2.1 compliant

Bancstac completes its annual Payment Card Industry (PCI) Data Security Standard (DSS) audit certification process for version 3.2.1.

We have demonstrated strict adherence to the highest global standards and ongoing procedures to safeguard sensitive cardholder data and customer financial information.

(September 2020)

Bancstac welcomes Paycorp International

Bancstac completes the acquisition of Paycorp International (Private) Limited, a leading internet payment gateway and payment service provider in Sri Lanka. Paycorp provides payment solutions to several of the country’s systemically important banks including its most innovative bank and its largest private commercial bank. Paycorp is integrated with all major government agencies in the country and with hundreds of merchants covering all aspects of the economy.

(July 2020)

Bancstac welcomes Jamax

Bancstac completes the acquisition of Jamax d.o.o. Sarajevo, a leading software solution development agency based in Bosnia and Herzegovina. Jamax has successfully developed software solutions for Fortune 500 companies in the technology, banking and airline sectors.

(December 2019)

Bancstac welcomes Numo Labs

Bancstac completes the acquisition of Numo Labs Pty Ltd, a mobile telecommunications software solutions and services provider to tier-1 telecommunications clients.

(December 2019)