Raast instant payment system
Most Bank Accounts in Pakistan Hold Less Than Rs50,000
By Manik Aftab ⏐ 5 months ago ⏐
2 min read
2 min read
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
By Tech Desk ⏐ 10 months ago ⏐
2 min read
2 min read
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
By Usman Aslam ⏐ 4 years ago ⏐
5 min read
5 min read
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
By Hamza Zakir ⏐ 5 years ago ⏐
2 min read
2 min read
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.…
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