114 Million Unbanked and Just 18% Digitally Active: What’s Holding Pakistan Back?

By Tech Desk ⏐ 9 months ago ⏐ Newspaper Icon 3 min read

Pakistan continues to face significant challenges in achieving financial inclusion and expanding digital payment adoption, as highlighted in a recent World Bank report. The report…

Raast Records Over 892 Million Transactions as SBP Pushes for Digital Shift

By Huma Ishfaq ⏐ 10 months ago ⏐ Newspaper Icon 2 min read

KARACHI: Pakistan’s digital payment landscape continues to expand rapidly, with Raast, an instant digital payment platform developed by the State Bank of Pakistan (SBP), crossing…

Digital Payment Share Reaches 87% of Total Retail Transactions; SBP Report

By Tehniyat Zafar ⏐ 1 year ago ⏐ Newspaper Icon 3 min read

Karachi: The State Bank of Pakistan (SBP) has reported a significant shift toward digital payments, with digital channels now processing the majority of retail transactions…

Raast Payments Reach Rs1 Trillion in Just 16 Days

By Tech Desk ⏐ 1 year ago ⏐ Newspaper Icon 4 min read

KARACHI: Pakistan has seen a significant shift toward digital payment solutions, with citizens transacting Rs1 trillion in just 16 days through the instant payment system…

SBP introduces instant and free person-to-person payments under Raast

By Usman Aslam ⏐ 4 years ago ⏐ Newspaper Icon 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…

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What is Raast? And how will it help an everyday Pakistani?

By Talha Ikram ⏐ 5 years ago ⏐ Newspaper Icon 3 min read

The Prime Minister (PM) of Pakistan, Imran Khan, just launched the “Raast” initiative hoping that the system will shift the country towards a cashless economy…

Pakistan’s first instant payment system developed by SBP launched by PM today

By Hamza Zakir ⏐ 5 years ago ⏐ Newspaper Icon 3 min read

In a launch ceremony that kicked off at 4:30 PM today, Prime Minister Imran Khan officially launched Raast, the nation’s first-ever instant payment system developed…

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