UnionPay International and Bancstac partner to enable card payments for merchants

Thursday 27 January 2022 14:13 CET | News

China-based UnionPay International (UPI) has announced a strategic commercial partnership with payment technology platform and PCI DSS Level 1 certified payment processor Bancstac.

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. 

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: UnionPay, partnership, payment processing, payment processor, payment gateway, online banking, online payments, merchant
Categories: Payments & Commerce
Companies: Bancstac, UnionPay
Countries: World
This article is part of category

Payments & Commerce




Discover all the Company news on Bancstac and other articles related to Bancstac in The Paypers News, Reports, and insights on the payments and fintech industry: