Bankart

What Bankart does

Bankart d.o.o. is a privately held Slovenian payment processing company founded in 1998 and headquartered in Ljubljana (Celovška cesta 150). The company provides shared technical-technological payment infrastructure to banks and savings banks in Slovenia and across five additional Central and Southeast European jurisdictions (Bosnia and Herzegovina, North Macedonia, Montenegro, Kosovo), positioning itself as the leading Slovenian processor of modern payment instruments.

The product portfolio spans Issuing, Acquiring, Open Banking and Digital Payments (PSD2 TPP), Mobile and Web Solutions, core Payment Systems and Services, Transaction Switching, Transaction Monitoring (fraud and security surveillance) and Support Services, plus the merchant-facing Bankart Payment Gateway that integrates Mastercard, Visa, Diners, Flik and PSD2 PISP via a payment.js client library with PCI DSS / EMV 3D Secure compliance and plugins for WooCommerce, PrestaShop, OpenCart and Magento. The technical architecture is organized into 17 multifunctional Agile teams (Scrum and Kanban) across five business areas and four technical platforms, with a centralized Development Management function coordinating planning with bank clients. Bankart operates under a PCI DSS, PCI PA-DSS-adjacent and GDPR-compliant posture and holds a PSD2 Third-Party Provider license obtained in June 2021, which it monetizes through a 'license-as-a-service' model offering consolidated API access to all Slovenian banks.

The business model is B2B infrastructure with two GTM motions: direct enterprise sales to acquiring banks and financial institutions across the region, and an API-first / developer-portal self-serve channel (openbanking.bankart.si and gateway.bankart.si). Revenue is generated through transaction-based fees (routed via acquiring banks rather than priced directly to merchants), recurring managed-services fees for shared payment infrastructure, and subscription/PSD2 license fees for the TPP offering. Bankart's stated customer set is dominated by Slovenian and Adriac-region banks — NLB Group entities (Ljubljana, Banja Luka, Sarajevo, Skopje, Podgorica, Priština), OTP banka, Delavska hranilnica, Deželna Banka Slovenije, Gorenjska Banka, Sparkasse Pay, Hranilnica Lon, Primorska hranilnica Vipava and Intesa San Paolo. Recent corporate actions include minority ownership in Rekono (September 2020) for electronic identification and trust services, EMPSA membership (May 2020), a leadership transition in March 2025 to CEO Samo Kumar (ex-IBM Slovenia) and CTO Siniša Jančić in April 2026.

Name

Bankart

Legal name

BANKART procesiranje plačilnih instrumentov d.o.o.

Website

https://bankart.si

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Short description

Bankart is a Slovenian payment processing company providing shared payment infrastructure — issuing, acquiring, open banking (PSD2 TPP), transaction switching and the Bankart Payment Gateway — to banks and savings banks in Slovenia and across five additional Central and Southeast European countries, via B2B contracts and API-first distribution.

Ownership category

akta.pro rank

Product category

Payment Processing Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)

akta.pro secondary industry

A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB)

Keywords

• Payment processing services
• Card issuing services
• Card acquiring services
• Open banking APIs
• Payment gateway platform

Headquarters

HQ city

Ljubljana

HQ country

Slovenia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Payment Gateway Transaction Fees: Bankart provides payment gateway infrastructure to acquiring banks. While fees are determined by banks, Bankart earns revenue as the technical service provider processing transactions.
2. PSD2 TPP Services: License-as-a-service offering for business partners, providing PSD2-compliant access to bank account data and payment initiation without requiring own license.
3. Payment Processing Infrastructure: Shared technical-technological infrastructure for payment traffic serving banks and savings banks, enabling cost optimization through common infrastructure.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Bankart processes modern payment instruments for banks, savings banks, and PSD2-licensed partners across six countries, providing shared technical-technological infrastructure for card payments, open banking, transaction switching, fraud monitoring, and merchant payment acceptance. Core offerings include the Bankart Payment Gateway (with payment.js integration), card issuing and acquiring services, PSD2 Third Party Provider (TPP) license-as-a-service, mobile and web payment solutions, and transaction surveillance.

Product overview

Bankart is a leading Slovenian payment processing company offering a comprehensive suite of payment instruments and financial infrastructure services. The portfolio includes Issuing and Acquiring card services, Open Banking solutions under PSD2 regulations, Mobile and Web Solutions, Payment Systems and Services with Transaction Switching and Monitoring capabilities, Support Services, and the Bankart Payment Gateway product. The company operates as a licensed PSD2 Third-Party Provider and maintains strategic partnerships including ownership in Rekono for electronic identification services. The organization serves banks and savings banks in Slovenia and beyond, operating across six countries with a focus on continuous development and technical excellence in modern payment transactions.

Differentiator

Problem solved

Functional benefit

Brands

• Bankart Payment Gateway: A merchant platform enabling integration of remote payments acceptance in online or mobile stores, supporting payments with Mastercard, Visa, Diners, Flik, and PSD2 PISP, compliant with PCI DSS, EMV 3DS, and PSD2 RTS SCA standards.

Products and services

• Bankart Payment Gateway Merchant-facing platform enabling secure remote payment acceptance in online and mobile stores, supporting Mastercard, Visa, Diners, Flik, and PSD2 PISP with PCI DSS, EMV 3D Secure, and PSD2 RTS compliance. Designed for merchants integrating through payment.js, hosted payment forms, or e-commerce plugins for WooCommerce, PrestaShop, OpenCart, and Magento.
• Issuing Card issuing services enabling banks and financial institutions to issue payment cards to their end customers.
• Acquiring Card acquiring services enabling merchants to accept card payments, providing the technical infrastructure for payment processing by acquiring banks.
• Open Banking and Digital Payments Open banking services and digital payment solutions following PSD2 regulations, enabling access to bank account information and payment initiation services for licensed partners.
• Mobile and Web Solutions Mobile and web-based business solutions for payment processing, enabling banks and financial institutions to offer digital services to their customers.
• Transaction Switching Transaction routing and switching services that ensure payments are directed to the appropriate processing networks and acquirers.
• Transaction Monitoring Transaction surveillance and monitoring services for fraud prevention and security in payment processing.
• PSD2 TPP Service (License-as-a-Service) Licensed PSD2 Third-Party Provider service offering 'license as a service' for access to bank account information, enabling business partners without their own license to access PSD2-defined data through a consolidated API to all Slovenian banks.

Quantifiable outcome

• Processing services in 6 countries

Named customers14 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Two partnerships are on record, tiered core and minor.

• RekonocoreStrategic or Co-development Partner · 3 September 2020Bankart entered the ownership structure of Rekono, which offers certified electronic identification and trust services for electronic transactions. The partnership aims to establish a cross-industry platform for electronic identification, enabling banking and financial sector providers to develop and offer new digital platform-based products. Rekono serves as the default choice for electronic identification and authentication of online banking service users.
• EMPSA (European Mobile Payment Systems Association)minorOthers · 28 May 2020Bankart became a member of EMPSA, bringing the company closer to simple and easy cross-border mobile payments implementation. EMPSA is the European Mobile Payment Systems Association.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Payten (Asseco Poland): Payten, the payments arm of Asseco Poland, provides card issuing, acquiring, and payment processing infrastructure across Central and Eastern Europe. Like Bankart, it serves regional banks with shared technology stacks and localized compliance expertise, making it the closest functional peer for Bankart's multi-country SEE model.
• SIA: SIA is an Italian-headquartered payment processor and technology provider that supplies card processing, payments infrastructure, and open banking services to banks across multiple European countries. Its bank-centric, multi-country processing model directly parallels Bankart's B2B payment infrastructure play.

Broad incumbents

• Nexi (formerly Nets): Nexi, which acquired Nets, is one of Europe's largest payment technology providers, offering acquiring, issuing, and digital banking services. It operates at a much larger scale and broader European footprint but overlaps directly with Bankart in card processing and payment infrastructure for banks.
• Worldline: Worldline is a global payment processor with strong European bank relationships across acquiring, issuing, and open banking. It competes for the same bank customers Bankart serves in Slovenia and SEE, and represents the most likely 'step-up' competitor or potential partner for regional consolidation.
• TietoEVRY: TietoEVRY provides card issuing, payment processing, and financial software to Nordic and select European banks. While geographically focused on the Nordics, it operates a comparable bank-centric B2B payments infrastructure model relevant to Bankart's product strategy.
• Fiserv: Fiserv is a global financial technology provider with broad card processing, merchant acquiring, and digital banking capabilities (including via its First Data acquisition). It competes with Bankart at the higher end of the bank-customer segment and is a benchmark for global processing scale.
• ACI Worldwide: ACI Worldwide provides real-time electronic payment and banking software to large financial institutions globally. Its transaction switching, fraud monitoring, and open banking capabilities directly overlap with several of Bankart's core product lines.
• Stripe: Stripe is a global payment processor with developer-first APIs and broad merchant reach. While primarily merchant-direct, it increasingly serves banks and platforms via Stripe Connect and financial products, and competes indirectly with Bankart's payment gateway for merchant relationships.
• Adyen: Adyen is a global unified payments platform providing acquiring, processing, and a single API to large enterprise merchants and platforms. It represents the benchmark for modern payment infrastructure and is a competitive threat to Bankart for large bank and enterprise clients in SEE.

Emerging players

• Verestro: Verestro is a Polish-based fintech offering payment processing, card issuing, and open banking APIs. It is a smaller, emerging regional player focused on CEE, making it comparable to Bankart in scale and product set, though with a different geographic anchor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bankart-d.o.o

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

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 Bankart