Instant Funds Transfer (IFT) is a gateway for transferring funds from account to account within real time. The good thing is remitter need not know the beneficiary's account details and can transfer funds through beneficiary mobile no and unique ids.
- Immediate handling of high volumes of payments quickly and with heavy security and compliance
- Augment and strengthen existing infrastructure, only displacing components that hinder delivery of business and customer value
- On boarding customers according to the bank's preferences, supporting the bank's format by fulfilling expected requirements or enforcing a single standard
- Increased agility and time-to-market with new payment services and business models.