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Case Studies

Banking Innovation and Transformation with Innostax


Bancstac is a vital technology collaborator for banks and a pioneering force in payment solutions. Its mission is to facilitate the transition of nations and economies from cash transactions to a digital-centric payment landscape, catalyzing economic growth for the communities they support. Leveraging Its’s cutting-edge payment technology, they foster trust among individuals and streamline global business engagement. It plays a pivotal role in shaping a digital-first payment ecosystem that drives economic prosperity.

Bancstac is PCI 3DS compliant and a PCI DSS level 1 certified payment processor, payment gateway, payment facilitator, payment aggregator and payment orchestration platform.

Having directly employed and contracted 3rd party individuals and outsource organisations for building bespoke technology in a variety of different coding language since 1997. Innostax is a uniquely pure software development oriented organisation, with simple and extremely efficient project management that actively drives production grade code deployments – I have not yet seen this level of organised productivity and efficiency from any other organisation, including those from in house tech teams within some of the largest tech. organisations in Australia & New Zealand

John Caliguri

Chairman at Bancstac

Technologies and Tools:

react development company
AWs cloud migration service
redis database

Project Overview:

Innostax undertook a pivotal assignment to enhance client’s payment technology. The primary goal was to seamlessly integrate a wide range of payment functionalities while concurrently bolstering fraud prevention measures and fortifying security protocols. The strategic focus was to synergize these technical improvements to create a payment ecosystem that is not only secure but also remarkably user-friendly.The ultimate objective was to provide both banks and their customers with a unified, dependable, and effortless digital payment experience. By achieving this integration, the project exemplifies a commitment to making digital payments more accessible and reliable while adhering rigorously to industry-wide compliance standards, contributing to the modernization and optimization of the financial sector.

List of Features we worked on:

Monex API Integration for Dynamic Currency Conversion (DCC)
QR Service Integration
UPI PayFile Generation


The partnership between Innostax and their banking industry collaborator has ushered in a transformative era for the financial sector. Through innovative solutions and technological expertise, this transformation is evident in the enhanced payment technology, security measures, and fraud prevention efforts.

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