KARACHI: Bykea, in line with its strategy to enable and promote it's online platform, 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 / Electronic Commerce Payments) through NIFT's DFS platform under the brand name "NIFT ePay" for customers to be able to make digital payments for the online services and purchases through the Bykea Platform.

Both the organizations have focused to promote digital transactions in the recent past while Bykea also emphasizes on the comfort and convenience of their customers, resulting in its Bykea Cash initiative being appreciated and used regularly by customers. NIFT ePay has established an interoperable and secure digital commerce payments gateway which works with any bank account or wallet in Pakistan. This provides an opportunity to the customers of Bykea to conduct e-commerce payments directly through their bank accounts or wallets in addition to the existing card-based transactions.

The agreement was signed by Haider Wahab, CEO - NIFT and Muneeb Maayr, CEO -Bykea at the head office of National Institutional Facilitation Technologies.

Speaking on the occasion, Muneeb Maayr CEO Bykea said "The partnership with NIFT brings us closer to providing seamless payment solutions for e-commerce users in Pakistan as leveraging the payment service operators and providers that today process payments for the entire financial institutions ecosystem and opening their power up for SMEs is the way forward for a financially inclusive Pakistan".

Haider Wahab CEO NIFT said, "Bykea is a unique use case opening up digital payments and services to go live through the NIFT's e-Payment Gateway and we are very excited to enable these use cases."-PR

Copyright Business Recorder, 2020