Dawlance has entered into an agreement with National Institutional Facilitation Technologies (NiFT), to feature “NiFT ePay” Gateway, enabling customers to make Electronic & Mobile payments, while purchasing innovative products through Dawlance’s Online platform. Since NiFT is one of the largest Digital-Payment processors in Pakistan, operating a highly-secured ‘Digital Financial Services’ (DFS) platform, this collaboration will create great convenience for the consumers.
The agreement was signed by Mr. Haider Wahab, CEO of NiFT and Mr. Umar Ahsan Khan – CEO of Dawlance, whereby NiFT ePay has established an interoperable and secure digital commerce payments platform, which works with any bank-account or wallet in Pakistan.
This provides an opportunity to the customers of Dawlance to conduct e-commerce payments directly through their bank accounts or Wallets, in addition to the existing card-based transactions. The solution will drive the nation towards digital-transactions, which are particularly beneficial for public-health during the current pandemic situation.
NIFT ePay allows Dawlance to utilize the aggregation of different digital payment instruments and methods available in Pakistan that consumers can use to pay for their e-commerce purchases digitally, securely and conveniently. This enables the millions of banked customers, not carrying any digital channels to be able to make payments to Dawlance for purchase of their products. NIFT ePay also has the capability to carry key information of the purchase in the financial transaction, thus enabling reconciliation of the payments and invoices against the purchase in real-time.
Source: Press Release