Global Interchange for Financial Transactions or GIFT is IFTAS’ integrated payments and settlement system. Thoughtfully designed for improving operational efficiency of a country’s payments system and achieve digitization, its robust framework provides end-to-end straight-through processing (STP) of inter-bank payments messages. GIFT eliminates the need for manual cheques, thus simplifying processes and minimizing chances of fraud. This long-term scalable and cost-effective solution comes with end-to-end security that enables the co-existence of payments and settlement systems in a modular fashion.