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National Institutional Facilitation Technologies (NIFT) has signed a memorandum of understanding (MoU) with Checkout.com to support international payment methods in Pakistan.

Under the agreement, the partners will leverage each other’s infrastructure to provide digital payment services to both businesses and consumers.

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Checkout.com is an integrated payments provider based in London.

The company offers payment services in over 150 currencies, in-country acquiring, fraud filters, and reporting – all through a single integration.

It accepts payments from international card issuers including Visa, Mastercard, American Express, and UnionPay.

Checkout.com CEO Guillaume Pousaz said: “We are proud to partner with NIFT.

“Pakistan represents one of the biggest opportunities for global enterprise companies and is home to some of the most innovative businesses in the region.

“Together with NIFT, we’ll offer seamless localized payments, supporting merchants with better customer experiences and more revenue opportunities.”

The NIFT ePay platform is Pakistan’s first domestic payment gateway.

It allows aggregation of all digital payment instruments in the country and allows consumers to pay digitally for their purchases or against business invoices.

NIFT CEO Haider Wahab said: “We are extremely delighted to have Checkout.com as global payment enabler to our NIFT ePay Platform.

“This is a great milestone for NIFT ePay and Pakistan’s vision to promote commerce beyond borders through digital platforms and payment options assisting SBP and Ministry of Commerce efforts on ease of doing business and global trade.”