EFU Life has entered into an agreement with National Institutional Facilitation Technologies (NIFT) to allow digital payments through NIFT ePay, a payment gateway established by NIFT, one of Pakistan’s largest payment processors, to enable digital payments (mobile/electronic commerce payments) through NIFT’s DFS network.
NIFT ePay pioneered an account-based e-commerce payment network, which is gaining traction among Pakistan’s leading businesses across a range of industries.
The NIFT’s ePayment portal offers a flexible pricing structure and the ability to customise solutions to support a range of payment scenarios.
“EFU Life is another fascinating and exciting use case that demonstrates the potential of digital payments and services enabled by NIFT’s ePayment Gateway. We are pleased to offer digital payment convenience to EFU Life customers. We believe that robust and innovative digital payments benefit all parties and contribute to financial inclusion and the development of a digital economy. This was precisely the intention behind NIFT ePay, and it’s heartening to see it realised in the market,” said Mr. Haider Wahab, NIFT’s CEO.