Raast is an innovative instant digital payment system introduced by the State Bank of Pakistan to revolutionize the country’s financial infrastructure. The system provides a secure, efficient, and seamless way for individuals and businesses to make payments and transfer funds instantly across the country. Raast is designed to enhance financial inclusion by enabling real-time transactions for everyone, including those without access to traditional banking services.
The system facilitates a wide range of transactions, including bill payments, person-to-person transfers, and business payments, offering an easy-to-use platform for users across Pakistan. By connecting with multiple financial institutions, Raast reduces transaction costs, improves the speed of payments, and increases overall financial system efficiency. This initiative aligns with the State Bank of Pakistan’s broader strategy to modernize the financial sector and promote digital payments nationwide.
