HNB PLC has entered into a strategic partnership with Bancstac, a payment technology company, to launch innovative payment capabilities and expand into international markets.
The partnership enables HNB merchants to accept secure online payments from Visa, Mastercard, UnionPay International and dynamic QR code checkouts through HNB’s Internet Payment Gateway (IPG). 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.
HNB Head of Cards, Gauthami Niranjan said: “Our partnership with Bancstac has far exceeded our expectations. Their team has swiftly provided critical technology solutions, enabling us to prioritise key business initiatives in Sri Lanka and expand our merchant acquiring business internationally, starting with the Maldives.
“Thanks to Bancstac’s assistance, HNB’s next-generation IPG is rapidly becoming an essential tool for direct merchants, fintech partners, and payment aggregators seeking to broaden their payment solutions,” she said.
