Staff Reporter Karachi
Standard Chartered Bank, a globally leading financial institution operating in Pakistan has recently signed an agreement with National Institutional Facilitation Technologies (NIFT) – a specialised institution for enabling digital commerce payments.
Through this agreement, Standard Chartered Bank will connect to “NIFT ePay” as an ‘Issuer’ and ‘Acquirer’ to facilitate its clients.
The primary focus of this Digital Financial Services Platform is to execute interoperable and secure digital-commerce payments, using any bank account, card and wallet in Pakistan.
With this agreement, Standard Chartered Pakistan brings its international omni-channels collections offering for its corporate clients Straight2Bank Pay providing multiple payment options to end-consumers both online and offline. The solution acts as a one-stop shop to accelerate clients’ ability to scale and collect digitally, working with a single provider, a single point of integration, and minimal investment.
The clients benefit from Standard Chartered’s superior infrastructure that meets the highest standards of security, integrity, and stability, along with receiving real-time payment notifications powered with data-analytics. This agreement also enables Standard Chartered Bank’s account-holders to be able to pay the NIFT ePay merchants, opening up a new payment option for the bank’s customers.
