Bancstac will support UPI member banks and merchants by accepting payments from cardholders using UnionPay. Similarly, Bancstac offers banks direct connection to the card scheme and a seamless plug-and-play integration experience. In addition, Bancstac also provides payment processing, payment gateway, and payment aggregator services with direct connectivity to UnionPay.
The partnership will allow UnionPay to benefit from online payment capabilities while Bancstac can deliver its company vision regarding the evolution of countries from cash-based societies to digital ecosystems.
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