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Global Interchange For Financial Transactions


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.

Simple and intuitive 
Light-weight architecture
Highly scalable (vertical)
No settlement Risk
Flexible and customizable
Stakeholder ease for participation and integration



  • skill Payments mode supported: Real-time, Batched & Bulk payments
  • skill STP of payments messages between source bank & destination bank through Central bank
  • skill End-to-End payments message lifecycle with tracking & reconciliation
  • skill Payments Messages supported: debit, credit, confirmation, rejection & reconciliation


  • skill Receive outward debit messages from banks, settle the transactions and pass the inward credit messages in real-time to the beneficiary banks
  • skill Generates inward credit advices to beneficiary banks and transmits them electronically to the banks
  • skill Interfaces with central bank’s core/ GL system for posting the accounting entries
  • skill Exchange of settlement reports to banks for reconciliation
  • skill Enforcement of rules related to the payments services, holidays, settlement windows and batch timings