Raast instant payment system
Most Bank Accounts in Pakistan Hold Less Than Rs50,000
Most bank accounts in Pakistan have relatively modest balances, with new central bank figures showing that over 70% of accounts hold deposits of less than…
SBP Introduces Raast Participation Criteria for Seamless Digital Payments
KARACHI: The State Bank of Pakistan (SBP) has issued the Raast Participation Criteria to enable various entities to join the Raast instant payment system, as…
SBP introduces instant and free person-to-person payments under Raast
State Bank of Pakistan has issued instructions that will enable Person-to-Person (P2P) fund transfers in the country through Raast, Pakistan’s Instant Payment System developed by…
Govt to pay salaries, employee pensions via Raast instant payments system
The State Bank of Pakistan (SBP) has decided to digitize the payment process for salaries and payments of government employees through Raast instant payments system.…
