National Institutional Facilitation Technologies (NIFT), Pakistan’s largest payment processor and one-click checkout provider, bSecure, have joined forces to promote digital payments.
Tell me more: NIFT is a joint venture between six major banks and the private sector. It enables digital commerce payments through its Digital Financial Services (DFS) platform called NIFT ePay.
NIFT has established a secure digital payment gateway compatible with any bank account and can process card-based transactions.
Through this partnership, bSecure and NIFT aim to promote digital transactions and foster different market applications.
Businesses will be able to accept e-commerce payments directly through their bank accounts along with existing card payments.
You should know: According to the founder of bSecure, Adam Dawood, over 65% of customers want to pay via pre-payment methods at e-commerce stores.
Before you go: e-commerce businesses that want to start accepting credit/debit card payments and API-based bank transfers can sign up via bSecure’s website.
Big picture: NIFT’s technology stack is necessary for the fast-growing e-commerce market. With the help of bSecure, it is betting that digital enablement will help consumers and, ultimately, the market.
