National Institutional Facilitation Technologies

NIFT was incorporated in September 1995, as a joint venture between six Pakistani banks and the private sector. NIFT has been authorized to operate under the SBP rules for PSO-PSP. NIFT is Pakistan's only cheque clearing house and is the first Digital Certificate Authority in Pakistan regulated under ETO 2002 and ECAC 2008. NIFT also provides financial data aggregation services. As of December 2017, NIFT is serving over 11,000 branches of 36 commercial banks and 7 microfinance banks through 27 Processing Centres covering 263 cities nationwide.