The Commercial Bank of Ceylon (CommBank) has entered into a long-term Technology Services Master Agreement with Bancstac for the deployment of secure, compliant, and bank-controlled payment processing infrastructure—modernizing the Bank’s digital payment ecosystem and eliminating reliance on third-party intermediaries.
Bank-Controlled Payment Processing Without Intermediaries.
Through this strategic partnership, Commercial Bank of Ceylon gains a dedicated, high-availability payment infrastructure engineered to keep transaction routing, merchant onboarding, and end-to-end fee assessment under the Bank’s direct authority. By replacing legacy third-party dependencies with sovereign technology, the Bank ensures all transaction processing operates strictly within its internal risk, security, and regulatory compliance framework.
Unified Acceptance Across Global Schemes and Digital Channels.
The collaboration enhances Commercial Bank’s Internet Payment Gateway (IPG) to support major international and local card schemes, dynamic QR-based payments, and enterprise e-commerce checkout capabilities. Through a single integration with Bancstac, the Bank deploys real-time fraud mitigation, automated reconciliation, and granular settlement visibility across its entire merchant acquiring portfolio.
Full Bank Sovereignty
Complete institutional authority over merchant onboarding, risk rules, and end-to-end fee structures.
Multi-Scheme & QR Ready
Direct connectivity supporting global card networks, local QR checkouts, and digital wallets via one gateway.
Risk & Settlement Visibility
Real-time 3DS authentication, fraud defence, and automated end-to-end settlement reporting.
“This long-term partnership with Bancstac enables us to modernise our payment gateway infrastructure with direct connectivity, full operational visibility and complete governance control. By adopting a fully secured and scalable technology stack, we are strengthening our capacity to support the rapid growth and innovation of e-commerce and digital payments in Sri Lanka, while ensuring that transaction processing remains firmly within the Bank’s risk and compliance framework.”
“Our long-term partnership with Commercial Bank of Ceylon reflects a shared commitment to sovereign, bank-controlled financial infrastructure. By deploying direct payment network connectivity and next-generation gateway orchestration, we empower the Bank to scale digital payment innovations across Sri Lanka at fintech speed while retaining full operational and regulatory control.”
About Commercial Bank of Ceylon
The Commercial Bank of Ceylon PLC is Sri Lanka’s largest private sector commercial bank and one of the country’s most systemically important financial institutions. With an extensive domestic branch and digital banking network as well as international operations, the Bank leads Sri Lanka’s transition toward a digital-first financial ecosystem through continuous investment in enterprise banking technology.
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.