NIFT ePay is enabling corporate payments with contextual information which is being shared with the banks for facilitation of transactions for entities to provide them smooth, quick and real time payment mechanisms. All the data which is captured within the transaction helps entities to keep track of the transactions, settle receivables and payables and enhance or reduce the transaction completion cycle especially when advance payment is needed for delivery of goods/services.
Business transactions are complex and complicated in nature. To simplify the payment mechanism, NIFT ePay is offering a payment platform which will make the payments convenient, secured, visible and accessible for the entities. Majority of the transactions in Pakistan are paper-based which have high cost due to physical handling, movement, security, storage and compliance needed for payments.
NIFT ePay in collaboration with its technology partners and leveraging ISO 20022 message scheme is designing and embedding a contextual transaction engine in its digital payment platform. For smoothening and enhancing efficiency of payment process, NIFT ePay’s technology partner facilitates business entities to initiate an integrated transaction with their ERP.
Due to varying levels of authorized mechanisms, it becomes difficult and time consuming to make business payments quickly in paper-based payment process.
With NIFT ePay payment gateway, the authentication process can be simplified and digitized, ensuring that everyone can track the status of transaction and authorization of payment can be done quickly and securely. The real time mechanism will ensure that the concerned authorities have access to updated financial records.
Maintaining records of detailed transactional data i.e. context with the payment allows an entity to keep track of a number of business transaction scenarios.
Also, the information can be accessed by stakeholder within seconds ensuring immediate decisions can be made. Moreover, it allows entities to make any important decision quickly due to availability of efficient reporting.
NIFT ePay facilitates corporate entities to make their payments in alignment with the business requirements across banks.
All the context i.e. details of the transaction are recorded and communicated about the movement of funds so that the entities have updated information about the funds’ status.
Due to varying levels of authorized mechanisms, it becomes difficult and time consuming to make business payments quickly in paper-based payment process.
With NIFT ePay payment gateway, the authentication process can be simplified and digitized, ensuring that everyone can track the status of transaction and authorization of payment can be done quickly and securely. The real time mechanism will ensure that the concerned authorities have access to updated financial records.
Maintaining records of detailed transactional data i.e. context with the payment allows an entity to keep track of a number of business transaction scenarios.
Also, the information can be accessed by stakeholder within seconds ensuring immediate decisions can be made. Moreover, it allows entities to make any important decision quickly due to availability of efficient reporting.
NIFT ePay facilitates corporate entities to make their payments in alignment with the business requirements across banks.
All the context i.e. details of the transaction are recorded and communicated about the movement of funds so that the entities have updated information about the funds’ status.
Due to varying levels of authorized mechanisms, it becomes difficult and time consuming to make business payments quickly in paper-based payment process.
With NIFT ePay payment gateway, the authentication process can be simplified and digitized, ensuring that everyone can track the status of transaction and authorization of payment can be done quickly and securely. The real time mechanism will ensure that the concerned authorities have access to updated financial records.
All entities have to make payments within their operational framework at regular intervals. To keep track of all the transactions, they can be streamlined by integrating NIFT ePay Payment gateway with their ERP. Here are some of the payment types which can be simplified with NIFT ePay payment platform.
With the range of options in place which can be utilized by the business entities regardless of their size, NIFT ePay Business Payments is the turnkey solution for all your business needs. This platform will assist you in undertaking and fulfilling your business tasks efficiently and profoundly.
NIFT ePay improvtes suppliers’ cash cycle, allows efficiency invoice-to-cash through one platform securely and creates working capital benefits for all the participants onboard.
NIFT ePay vendor payment solution improves the cash flow, manages the invoices proficiently, provides working capital, can assist in early payment discounts and helps strengthen vendor relationships.
NIFT ePay provides a single gateway merchant for all business to government payments. A unified reporting solution is provided along with storage of data in single place across all departments. With the help of integrated payment system, government bodies can function smoothly and efficiently while minimizing the digital transaction cost.
NIFT ePay allows businesses to serve their customers efficiently by presenting them range of options for digital transactions. The payment platform ensures that the businesses can complete their transactions securely, quickly and conveniently.
