Hutch and Bancstac Partner to Accelerate Digital Payment Innovation

 
 
Strategic Partnership // World • Sri Lanka

Hutch and Bancstac Partner to Accelerate Digital Payment Innovation Across All Digital Channels

COLOMBO, SRI LANKA • NOVEMBER 27, 2023

HUTCH
Omnichannel All Hutch Digital Payment Touchpoints
CKHH Subsidiary Backed by CK Hutchison Holdings
Real-Time Seamless Bill Pay & Top-Up Acceptance

Hutch, Sri Lanka’s leading mobile telecommunications operator and a subsidiary of Hong Kong-listed multinational conglomerate CK Hutchison Holdings (CKHH), has announced a strategic partnership with Bancstac to launch innovative payment acceptance capabilities across all Hutch digital payment channels to support its business growth.

Powering High-Volume Digital Top-Ups, Bill Payments, and Subscriber Checkouts.

Through this strategic collaboration, Bancstac deploys high-availability payment orchestration and gateway infrastructure across Hutch’s mobile application, web self-care portals, and digital reload channels. Subscribers gain a frictionless, highly secure checkout experience across international and domestic payment methods, while Hutch benefits from automated reconciliation and enterprise transaction telemetry.

PILLAR 01 // SUBSCRIBER EXPERIENCE

Frictionless Digital Channels

Seamless instant reloads and postpaid bill settlements across mobile app and web self-care portals.

PILLAR 02 // ORCHESTRATION

High-Concurrency Routing

Engineered for carrier-grade transaction volumes with PCI DSS Level 1 and 3DS security controls.

PILLAR 03 // RECONCILIATION

Automated Settlement

Real-time payment confirmation and unified financial reporting across all digital collection endpoints.

About Hutch

Hutchison Telecommunications Lanka (Private) Limited, operating under the brand name Hutch, is a leading mobile telecommunications provider in Sri Lanka and a subsidiary of CK Hutchison Holdings Limited (CKHH), a Hong Kong-listed multinational conglomerate operating across more than 50 countries. Hutch delivers nationwide 4G broadband and digital mobile services designed to empower consumers and enterprises across Sri Lanka.

www.hutch.lk

About Bancstac

Bancstac provides sovereign and politically neutral payment infrastructure to licensed financial institutions and enterprise partners. Bancstac maintains direct connectivity to core banking systems, global payment networks and alternative forms of digital payments including loyalty points. Bancstac delivers payment innovations at fintech speed.

www.bancstac.com
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