Banksoft

What Banksoft does

Banksoft is a Turkish private banking software company founded in 1995 and headquartered in Istanbul, specializing in turnkey card payment system solutions for banks and financial institutions. Its modular product suite spans the full payment ecosystem, including credit, debit, prepaid, corporate, and chip card management systems; ATM and POS terminal management; ISO 8583 switch management; clearing and settlement; payment gateway; mobile financial services; contactless/NFC applications; card personalization and instant issuance; merchant management; fraud detection; campaign management; and internet banking. The platform is EMV-compliant, supports multi-brand schemes (Visa, MasterCard, Diners, private label), and integrates with hardware from NCR, Wincor Nixdorf, Diebold, and Bull via multiple communication protocols. Banksoft's software underpins roughly 25 million credit cards, 50 million debit cards, 8 million daily online transactions, 12,000 ATMs, and 1.1 million POS terminals across its customer base, which includes major Turkish banks (Ziraatbank, Halkbank, Vakıfbank, Finansbank, Kuveyt Türk, Fibabanka, Denizbank) and international clients (Banca Romaneasca in Romania, Credit Europe Bank–Russia).

Banksoft generates revenue through a combination of one-time software licensing, professional services for system implementation and integration, and recurring software maintenance and support contracts. Pricing is not publicly disclosed and is quoted per customer based on system scope. The go-to-market is enterprise direct sales to banks, supplemented by industry events and partnership-led credibility building (e.g., PCI Security Standards Council, BKM, Visa, MasterCard, Turkcell). Distribution spans Turkey and select EMEA markets (Romania, Russia), with deployments at customer bank sites. The company is privately held with no disclosed parent company, external investors, or financial statements. Key strategic differentiators include scale (75M+ cards under management), regulatory positioning (first Turkish PCI SSC Participating Organization), and central infrastructure role (BKM's switch and International Clearing and Settlement System for American Express transactions).

Name

Banksoft

Legal name

Banksoft Bilişim Bilgisayar Hiz. A.Ş.

Website

https://banksoft.com.tr

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

101–250 employees

Short description

Banksoft is a Turkish private banking software company founded in 1995 that provides turnkey card payment system solutions to banks, including card management, ATM/POS terminal management, switch, clearing and settlement, mobile, and contactless products. Its software manages 25M credit cards, 50M debit cards, 8M daily transactions, 12K ATMs, and 1.1M POS terminals across major Turkish banks and select EMEA markets.

Ownership category

akta.pro rank

Product category

Banking Software

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Digital Retail Banking (Online & Mobile) (FSABAAAF)

akta.pro secondary industry

Customer Experience & Engagement (CRM, Support, Rewards, Loyalty) (FSAGAAAM)

Keywords

• Card payment systems
• Banking software
• Payment switch
• ATM POS management
• Card management software

Headquarters

HQ city

Istanbul

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Software Licensing: Banksoft provides software licenses for card payment systems to banks. Solutions include Credit Card Management, ATM Management, POS Management, Switch Management, and other card payment subsystems.
2. System Implementation & Integration: Professional services for implementing, integrating, and deploying Banksoft card payment solutions at bank customer sites.
3. Software Maintenance & Support: Ongoing software maintenance and support services for deployed card payment systems.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Banksoft is a Turkish banking software company that develops and sells proprietary card payment system software for banks and financial institutions. Its product portfolio covers card management, ATM and POS terminal management, payment switch and routing systems, clearing and settlement processing, payment card fraud detection, and mobile financial services platforms. The company delivers enterprise-grade software solutions to the Turkish banking sector, addressing the full lifecycle of card-based payment transactions.

Product overview

Banksoft is a Turkish banking software company specializing in card payment systems, providing high-performance turnkey solutions for banks. The company offers an integrated suite of products organized into major categories: Card Solutions (Credit Card, Debit Card, Prepaid Card, Corporate Card, and Chip Card management systems), Terminal Management (ATM, POS, and Payment Gateway systems), Payment System Integration (Switch Management, Clearing and Settlement, and Interchange Center solutions), Work Flow Solutions (Card/Merchant Application and Limit Evaluation systems), Fraud Monitoring and Prevention, Campaign Management, Mobile Financial Services, Personalization Solutions, Merchant Management, and Internet Banking. Banksoft solutions manage approximately 25 million credit cards, 50 million debit cards, 8 million daily online transactions, and 12,000 ATM and 1.1 million POS terminals. The company operates as a modular, integrated platform rather than a single monolithic product, with components that can be deployed together or independently.

Differentiator

Problem solved

Functional benefit

Products and services

• Card Management System Software for managing the lifecycle of payment cards (issuance, maintenance, and related operations) for banks and financial institutions.
• ATM and POS Management System Software for managing ATM and POS terminal networks, used by banks and financial institutions to operate and oversee their payment acceptance devices.
• Payment Switch System Software that routes and switches payment card transactions between issuers, acquirers, and payment networks for banks and financial institutions.
• Clearing and Settlement System Software for processing clearing and settlement of card-based payment transactions between participating banks and financial institutions.
• Payment Card Fraud Detection System Software for detecting and preventing fraudulent activity on payment card transactions, used by banks and financial institutions to monitor and mitigate card fraud risk.
• Mobile Financial Services Platform Software platform enabling banks and financial institutions to deliver mobile financial services to their customers.

Quantifiable outcome

• Managing 25 million credit cards, 50 million debit cards, 8 million daily transactions, 12,000 ATMs, and 1.1 million POS terminals

Named customers8 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature8 records

Partnerships

Five partnerships are on record, tiered core and major.

• BKM (Interbank Card Center)coreTechnology or Integration · 10 October 2012BKM is the Turkish domestic clearing house for card transactions. Banksoft's International Clearing and Settlement System (ICSS) is used by BKM to process international American Express transactions. Banksoft also collaborated with BKM on the HCE (Host Card Emulation) Proof of Concept project.
• VISAcoreTechnology or IntegrationBanksoft solutions support Visa payment standards including VSDC, payWave, Visa Prepaid, and SimplyOne (credit/debit combo cards). Visa SimplyOne is a multi-application platform leveraging EMV chip technology.
• MasterCardcoreTechnology or IntegrationBanksoft solutions support MasterCard standards including MChip, PayPass, and M/Chip Advance. Banksoft demonstrated M/Chip Advance capabilities at Cartes 2011 with metro and city bus fare payment simulations.
• TurkcellmajorTechnology or IntegrationBanksoft provided Mobile Financial Services (MFS) solution enabling money transfers and mobile payments. Finansbank launched MFS with Turkcell using Banksoft's solution. Also collaborated on Cep-T Para mobile wallet project.
• Bileşim A.Ş.majorImplementation/ SI/ Consulting PartnerBileşim is the preferred card personalization center for several banks (Ziraat Bankası, Halkbank, Kuveyt Türk, Ziraat Bank Bosnia). Using Banksoft Chip Card Personalization System with Datacard MX6000 machines for chip card personalization including PayPass, payWave, KGS, EMV applications.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Fiserv: Fiserv is a major banking and payments technology provider with broad offerings in core banking, card services, and merchant solutions - a broad incumbent competing for bank modernization and payment processing contracts.
• FIS: FIS is a global banking and payments technology giant with broad card processing, core banking, and digital banking capabilities - a major incumbent that competes with Banksoft for large enterprise bank contracts and modernization RFPs.
• ACI Worldwide: ACI Worldwide is a global leader in real-time electronic payment processing software for banks, merchants, and corporates - a broad incumbent competing with Banksoft in payment processing infrastructure across card, ATM, and real-time payments.
• Temenos: Temenos provides a comprehensive banking software platform covering core banking, payments, and digital channels - a broader incumbent whose digital banking and payments suite overlaps with Banksoft's card management and internet banking offerings.
• TSYS (Global Payments): TSYS, now part of Global Payments, is a major card issuer processor and payment technology vendor - overlapping with Banksoft's card management, processing, and switching infrastructure offerings for financial institutions.

Direct peers

• Compass Plus: Compass Plus is a payment software vendor for banks and processors with deep EMV and card management expertise, focused on emerging markets - making it one of the closest direct competitors to Banksoft in scale, product focus, and go-to-market.
• BPC Banking Technologies: BPC Banking Technologies provides payment and digital banking software to banks globally, with strong emerging market presence - a direct peer in payment infrastructure software serving financial institutions in similar geographies.
• Openway: Openway (now part of NCR Atleos) provides card management and digital payment software to banks globally - historically a direct competitor to Banksoft in card processing platforms with comparable product depth.

Regional players

• TietoEVRY: TietoEVRY is a Nordic-headquartered IT services and banking software vendor serving banks across Northern Europe - a comparable regional player in banking software with similar mid-size scale and B2B bank focus as Banksoft.
• Intellect Design Arena: Intellect Design Arena is an India-based banking and financial software vendor serving banks globally with digital banking, cards, and payments solutions - a regional peer with comparable B2B bank focus and emerging-market orientation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/banksoft

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Banksoft