Your Mobile Number is now your Account Number
Raast is Pakistan’s first instant payment service that enables end-to-end digital payments among individuals, and businesses across the country by providing a better experience to onboard digital customers.
A payment gateway developed by State Bank of Pakistan, provides state-of-the-art Payment System that enables real-time transfer of money with no transaction fees. All you have to do is register your mobile number with any Bank Account and instantly receive funds.
Prime Minister Imran Khan on Tuesday launched the country’s first instant person to person payment system ‘Raast’ for low-cost digital retail payments and money transfers.
“Raast programme will facilitate the working class of Pakistan in making transactions through cell phones, and will help improve saving rates,” PM Imran Khan said while addressing the inauguration ceremony in Islamabad.
Raast is Pakistan’s first instant payment system that will enable end-to-end digital payments among individuals, businesses and government entities instantaneously.