The Bank of Punjab (BOP) has entered into an agreement with National Institutional Facilitation Technologies (NIFT) to enable and promote a cash-less digital economy through NIFT’s DFS platform under the brand name “NIFT ePay”.
The partnership would allow BOP customers to access thousands of digital merchants available under NIFT’s ePay platform, as well as enable the vast corporate portfolio available with BOP to accept digital payments.
NIFT ePay is establishing an inter operable and secure digital commerce payments system that enables customers to conduct e-commerce transactions directly through their accounts (CASA) or Wallets.
The agreement was signed by Mr. Haider Wahab, CEO – NIFT and Mr. Waqas Anis, Head Digital Banking Group – BOP in the presence of team members from both organizations. The event was also graced by the presence of Mr. Imtiaz Sheikh, CIO – BOP and Mr. Fawad Abdul Kader, Head of Digital Financial Service – NIFT along with other members of both organizations.
Speaking on the occasion, Mr. Haider Wahab said, “We are pleased to sign up with The Bank of Punjab for NIFT ePay services, through its strong relationships with commercial and government entities in the central region, we are confident that the partnership between BOP and NIFT will create different and unconventional digital use cases in the financial services sector.
