Sampath Bank PLC has partnered with global payments technology company Bancstac to introduce Alipay+ payment acceptance across both physical point-of-sale (brick-and-mortar) and e-commerce merchant channels in Sri Lanka.
Connecting Sri Lankan Merchants to Over 1.5 Billion Global Wallet Users.
Building on Sampath Bank’s collaboration with Ant International for offline acceptance, the deployment of Bancstac’s device-agnostic payment infrastructure expands Alipay+ coverage across all digital and in-store merchant touchpoints. The Alipay+ ecosystem connects more than 30 global payment partners, giving local merchants immediate access to over 1.5 billion consumer accounts worldwide.
With this launch, Sampath Bank merchants can seamlessly accept cross-border payments from inbound travelers and international shoppers using Alipay in China alongside leading regional digital wallets across Asia and Europe:
Direct US Dollar Settlement and Real-Time Reconciliation.
Sampath Bank and Bancstac enable merchants in Sri Lanka to accept cross-border US dollar payments from Alipay+ and partner wallets with direct USD funds settlement into bank-approved merchant foreign-currency accounts—including full support for USD wallet refunds when reversals are required.
Operational efficiency is reinforced through a unified transaction management and reconciliation portal featuring real-time monitoring, automated fraud mitigation, and instant confirmation alerts across multiple registered merchant email addresses and mobile numbers.
Omnichannel Acceptance
Unified device-agnostic acceptance across brick-and-mortar POS terminals and e-commerce checkouts.
Direct USD Payouts
Cross-border USD acceptance settled directly into approved merchant foreign-currency accounts with USD refund support.
Instant Notifications
Real-time transaction portal with fraud controls and multi-recipient SMS and email payment confirmations.
“Responding to the rise in inbound travel and the rapid adoption of Alipay+ partner wallets across Asia and Europe, this deployment creates new commercial opportunities for our merchant network while simplifying the checkout experience and strengthening transaction security for businesses and visiting consumers alike.”
“Our partnership with Sampath Bank continues to grow from strength to strength as we deliver critical technology infrastructure that achieves payment innovations at speed. Deploying device-agnostic infrastructure to enable Alipay+ across both online and offline channels delivers another market-first capability for Sampath Bank’s merchant network.”
About Sampath Bank
Sampath Bank is a 100% local bank that has deeply rooted itself in the hearts of the people of Sri Lanka. Established in 1987, the bank has become a state-of-the-art financial institution that continues to be a market leader today thanks to its constant innovation and customer-focused approach to business. The Bank continues to steadily transform itself into a technology-driven financial services provider whilst keeping true to local traditions and values.
About Bancstac
Bancstac provides sovereign and politically neutral payment infrastructure to licensed financial institutions. Bancstac maintains direct connectivity to core banking systems, global payment networks and alternative forms of digital payments including loyalty points. Bancstac delivers payment innovations for banks at fintech speed.