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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. 



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Keywords: UnionPay, partnership, payment processing, payment processor, payment gateway, online banking, online payments, merchant
Categories: Payments & Commerce
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Countries: World
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Payments & Commerce






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