Corporate Corner: Bank of Khyber, NIFT sign deal
The Bank of Khyber (BOK) and NIFT signed an agreement on July 16, 2020 for digital commerce payments (electronic/mobile) through NIFT’s e-commerce gateway. The agreement was signed by BOK MD Ihsanullah Ihsan and NIFT CEO Haider Wahab in the presence of senior management at the BOK head office in Peshawar. Speaking on the occasion, Ihsan said, “I am pleased to announce that BOK has partnered with NIFT. As part of its digital transformation journey, we are destined to provide easy digital banking facilities to our customers. A year back, it seemed like a humongous task but here we are, thanks to our management.” The payment gateway is an e-commerce platform that helps support modern retail and other types of sales of products and services over internet. BOK is embarking on digital banking channels, therefore, it is utmost important that the bank should adopt integration with different payment gateways to provide efficient digital services for e-commerce and online transactions which, in turn, will enable BOK customers’ outreach to maximum e-commerce and online merchants.
Published in The Express Tribune, July 17th, 2020.
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