NIFT ePay

Detailed Explanation

NIFT ePay is a digital payment gateway aggregating various payment instruments including bank accounts, wallets, and cards, acting as a primary clearing infrastructure in Pakistan.

How It Works

Once you integrate NIFT ePay into your ecommerce store, customers can seamlessly pay at checkout. NIFT ePay handles the secure transmission of card details or wallet authorizations and returns a success response to your platform.

Requirements

To open an account with NIFT ePay, businesses typically require:

• Valid CNIC of Directors / Owners
• Company Registration Documents (SECP or equivalent)
• Active Corporate Bank Account
• NTN (National Tax Number) Certificate

Advantages

• Localized payment methods suited for the Pakistani market.
• Direct settlement to local bank accounts in PKR.
• Developer-friendly APIs for custom integrations.

Limitations

• Requires strict compliance and KYC before going live.
• Does not currently process international cards.

Fees & Pricing

Custom pricing based on transaction volume and business scale. Typically competitive for direct bank transfers.

Settlement

T+1 or T+2 settlement into corporate accounts.

Supported Integrations

• WooCommerce
• Custom API