NIFT in the context of Pakistani banking stands for National Institutional Facilitation Technologies (Pvt) Limited.
NIFT in Pakistani Banking
NIFT is a key player in Pakistan's financial technology landscape. Here's what you need to know:
- Full Name: National Institutional Facilitation Technologies (Pvt) Limited.
- Formation: It was established in September 1995.
- Structure: NIFT operates as a joint venture.
- Ownership: The company is owned by a consortium of six major Pakistani banks along with private sector entrepreneurs.
| Aspect | Description |
|---|---|
| Full Form | National Institutional Facilitation Technologies (Pvt) Limited |
| Establishment | September 1995 |
| Type | Private Limited Company |
| Ownership | Joint venture between six major Pakistani banks and private sector entrepreneurs |
| Purpose (Inferred) | To provide technology-based solutions and facilitate transactions and other processes within the financial industry of Pakistan. |
