The State Bank of Pakistan (SBP) launched Raast ID to create an instant digital payment system that transformed Pakistan’s financial sector. Users of Raast ID can link their bank accounts to mobile numbers for fast, secure, and inexpensive transactions, eliminating the need for extended account information. This article provides detailed instructions for Raast ID account […]
Pakistan has made a remarkable advancement in financial transformation through Raast, which served as Pakistan’s first instant payment system. The State Bank of Pakistan (SBP) developed Raast as an instant payment system designed to create secure and fast digital transactions for all Pakistani individuals, enterprises and official organizations. The Raast ID serves as a distinctive […]
The current financial industry transformation in Pakistan has resulted in digital payments replacing conventional payment methods as standard operations. The State Bank of Pakistan (SBP) established Raast ID as a unique payment identifier through which users can conduct mobile number-based transactions instead of using complex bank account information for faster, safer, and more convenient transactions. […]