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Raast, Pakistan’s instant payment system, has processed 892 million transactions, with a total value of PKR 20 trillion. The system, developed by the State Bank of Pakistan (SBP), continues to break records. Notably, the most recent trillion was processed in just 16 days. This rapid growth highlights SBP’s dedication to revolutionizing digital payments in Pakistan. …
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The State Bank of Pakistan (SBP) and the Controller General of Accounts Pakistan (CGAP) signed a Memorandum of Understanding today to digitize federal government payments using RAAST, Pakistan’s First Instant Payment System, which will be launched by SBP in January 2021. Raast is SBP’s flagship initiative, providing a simple, fast, low-cost, interoperable, and safe online …
Continue reading “SBP and CGA Sign MOU for Digitizing Government Payments through Raast”
