Raast P2P makes payments simpler

Raast P2P makes payments simpler
Raast P2P makes payments simpler

SBP has fostered Pakistan’s first Instant installment framework, called Raast, to offer moment, dependable and zero-cost computerized installment administrations to individuals of Pakistan with the goal of advancing the reception of computerized monetary administrations in the country.

Raast P2P makes payments simpler

With the send off of Raast, Pakistan has joined a select club of nations who have either sent off or are currently sending off Instant installment frameworks. The Raast framework is completely possessed and worked by State Bank of Pakistan. After the send off of the main period of Raast, Bulk Payments in January 2021, SBP is currently acquainting Raast Person-with Person (P2P).Raast P2P makes payments simpler

Under Raast P2P reserve moves and settlement administrations, bank clients would have the option to send and get assets in their records utilizing their bank’s versatile application,

web banking or over the counter administrations. To work with their clients, banks will likewise permit them to make a Raast ID by connecting their favored International Bank Account Number (IBAN) with their enlisted cell phone number.

The clients can then impart Raast ID to others to get assets in their record. Bank clients can involve Raast administration for sending or getting reserves utilizing their IBANs regardless of whether they have a Raast ID.Raast P2P makes payments simpler

Features Making Life Easier

Free of Cost:
Free of Cost:

Free of Cost:

No charges on Raast related administrations.

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Simple:

No compelling reason to recollect long IBAN numbers.

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No minimum transaction limit:

No base exchange size is characterized.

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Fast:

Moment installments into accounts whether it is a wallet or account or branchless banking.

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Secure:

Safeguarded by best global practices and guidelines.

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24/7 Support

Raast is availble nonstop. all day, every day helpdesk support presented by the banks.

How to Use Raast

Access your bank’s given channel (portable application, web banking, branch over the counter, USSD).

Determine recipient’s IBAN or Raast ID (versatile number) on Raast-empowered banks.

Affirm the sum to be sent inside limits given by your bank.

Your installment will be moved momentarily.

Making Your Raast ID
Making your Raast ID helps other people send installments to you utilizing your portable number just without recollecting account numbers or IBANs.Raast P2P makes payments simpler

Access your bank’s given channel (portable application, web banking, branch over the counter, USSD).

Verify yourself and affirm your versatile number to connection to your record.

Your bank channel will momentarily affirm your versatile number as your new Raast ID. Just a single Raast ID is permitted per client and one record for each Raast ID.

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