Raast IDs crosses 10mn mark

MG News | May 16, 2022 at 05:29 PM GMT+05:00

0:00

May 16, 2022 (MLN): The number of Raast IDs registration has crossed the 10 million mark since its launch in Feb22, another milestone achieved by the State Bank of Pakistan (SBP) in the journey of digitization.

Taking to its Twitter handle, the central bank on Monday said, "The aggregated value of Person to Person (P2P) transactions using Raast system by customers crosses Rs36bn."

Raast, a flagship initiative of the State Bank of Pakistan (SBP) is a payment system platform that enables various types of transactions among different stakeholders such as organizations, businesses and persons. The objective of this initiative is to promote digitization and financial inclusion in the country. In the first phase of Raast, launched in January 2021, transactions from organizations to persons, generally referred to as Bulk Payments, were enabled. The second phase is designed to facilitate P2P transactions under Raast.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	139,605.46 207.14M	0.86% 1193.21
ALLSHR	86,465.47 387.88M	0.89% 762.51
KSE30	42,673.37 86.59M	0.99% 418.52
KMI30	196,864.93 88.14M	1.42% 2755.34
KMIALLSHR	57,399.71 165.86M	1.21% 686.04
BKTi	37,873.35 15.13M	0.11% 42.01
OGTi	28,324.96 37.00M	3.22% 884.33

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	119,520.00	119,785.00 117,905.00	1900.00 1.62%
BRENT CRUDE	72.43	72.82 72.16	-0.81 -1.11%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	70.08	70.41 69.80	0.08 0.11%
SUGAR #11 WORLD	16.51	16.52 16.45	0.06 0.36%