As a result, the SBP’s Raast initiative is a step in the right direction. In a nutshell, Raast is an instant payment system that facilitates free person-to-person (P2P) payments.

Pakistan marked the beginning of 2021 with a digital leap forward following the launch of Raast - Pakistan’s first instant payment system that enables end-to-end digital payments among ...

ISLAMABAD: For the first time in Pakistan, Prime Minister Imran Khan Tuesday launched a person-to-person instant payment system named, “Raast”, to facilitate the common man.Addressing ...

In pilot phase, salaries and pensions of a group of federal government employees will be transferred via RAAST. Data will be shared by government and RAAST through a highly secured interface.

Raast is expected to have a major impact on financial inclusion due to the ease with which entities and individuals will be able to make and collect payments. The writer is a tech entrepreneur.

Raast on the other hand aims to make cash redundant in Pakistan as it hopes to make your phone your wallet. Additionally, due to it being peer-to-peer, issues like bank fees and bank transfer times ...

The Prime Minister in a ceremony held at the PM House launched Raast, a payment interface being developed by the ... AIRLINK 175.65 Decreased By -1.91 (-1.08%) ...

Raast is basically the backend of the financial industry, a centralised system that will connect all banks, non-banks and even billers through application programming interface.

With the launch of Raast, banking in Pakistan is entering into the 21st century. The technology platform is being... AIRLINK 158.12 Increased By 2.37 (1.52%) BOP 10.26 Increased By 0.02 (0.2%) ...