PostEx, a new digital online platform for enabling e-commerce, has entered into an agreement with National Institutional Facilitation Technologies (NIFT), one of the largest payment processors in Pakistan, for enabling digital commerce payments (Mobile/eCommerce Payments) through NIFT’s DFS platform under the brand name “NIFT ePay” for customers to be able to make digital payments for the customers of PostEx.
Both organizations have focused to promote digital transactions in the recent past while PostEx also emphasizes the comfort and convenience of their partner business while catering to the liquidity needs for the business through an innovative and customized platform. NIFT ePay has established an interoperable and secure digital commerce payments gateway that works with any bank account or wallet in Pakistan.
This provides an opportunity for businesses working with PostEx to receive e-commerce payments directly through their bank accounts or wallets in addition to the existing card-based transactions.
The agreement was signed by Mr. Haider Wahab, CEO – NIFT, and Mr. Omer, Founder & CEO – PostEx at the head office of National Institutional Facilitation Technologies in Karachi.
Speaking on the occasion, Mr. Omer Khan – Founder & CEO PostEx, said, “NIFT since its inception has contributed greatly towards the financial sector of Pakistan and with its innovative NIFT ePay platform, it’s equipped to transform the payments industry. For PostEx, it’s an opportunity to work with NIFT as a united front to achieve the same goal of digitalizing Pakistan.”
“Our industry faces unprecedented competition and increased pressure to generate revenues but working with the visionary and supporting team of NIFT ePay has helped PostEx to break down barriers to innovate and disrupt the financial market,” he added.
Mr. Haider Wahab, CEO NIFT, said, “PostEx is a unique use case opening up digital payments and services, going live with NIFT’s ePayment Gateway and we are very excited to enable these use cases. NIFT is focused to support unique and innovative ideas that will uplift digital commerce in Pakistan. We believe the young entrepreneurs working hard need institutional support from the incumbents to implement and sustain innovative platforms.”