SBP introduces Raast Participation Criteria

MG News | February 21, 2025 at 10:54 PM GMT+05:00

0:00

February 21, 2025 (MLN): The State Bank of Pakistan (SBP) has issued the Raast Participation Criteria to facilitate the incorporation of various entities as participants in the Raast instant payment system, according to the Circular issued by the Central Bank today.

This system supports the instant, safe, and efficient transfer of funds through diverse use cases, including bulk payments, person-to-person transfers, and person-to-merchant transactions.

The newly defined criteria categorize participants and outline the minimum requirements for each category.

Access to Raast will be provided under four categories of participants:

Direct Settlement Participants
Direct Non-Settlement Participants
Payment Initiation Service Providers
Indirect Participants

These criteria apply to all existing and future participants of Raast, and they were issued under the powers granted to SBP by the Payment Systems and Electronic Fund Transfers Act 2007.

The criteria shall become applicable with immediate effect.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	156,180.94 423.57M	0.51% 796.43
ALLSHR	95,690.82 1,354.89M	0.59% 557.25
KSE30	47,714.39 199.12M	0.52% 247.40
KMI30	229,722.09 134.66M	0.91% 2076.87
KMIALLSHR	64,420.07 581.33M	0.83% 532.01
BKTi	41,969.52 122.61M	0.50% 207.74
OGTi	31,991.76 10.82M	1.18% 372.62

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,000.00	117,365.00 116,880.00	-90.00 -0.08%
BRENT CRUDE	68.46	68.59 68.41	-0.01 -0.01%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	93.35	93.50 93.15	0.50 0.54%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.51	64.67 64.46	-0.01 -0.02%
SUGAR #11 WORLD	15.88	16.10 15.82	-0.12 -0.75%