Global Interchange for Financial Transaction or GIFT is IFTAS’ integrated payment and settlement system. Thoughtfully designed for improving operational efficiency of a country’s payment system and achieve digitization, its robust framework provides end-to-end straight-through processing (STP) of inter-bank payment 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 payment and settlement systems in a modular fashion.
Simple and intuitive
Highly scalable (vertical)
No settlement Risk
Flexible and customizable
Stakeholder ease for participation and integration