PM to launch RAAST today

MG News | February 15, 2022 at 10:49 AM GMT+05:00

0:00

February 15, 2022 (MLN): Prime Minister Imran Khan will launch Pakistan's first instant payment system "Raast" developed by the State Bank of Pakistan (SBP) at 11:00 am on Tuesday.

The launch of Raast Person-to-Person (P2P) service will not only provide a convenient and hassle-free digital fund transfer service to customers but will also provide an efficient and enabling payments infrastructure that would pave the way for digitization of the economy and promotion of digital financial services in the country.

Under Raast, P2P fund transfers and settlement services, bank customers would be able to send and receive funds in their accounts using their bank’s mobile application, internet banking or over-the-counter services.

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