Raast
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Raast allows digital payments in a simple & fast manner.
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Raast allows simple registration & payment process.

Raast P2P makes payments simpler

SBP has developed Pakistan’s first Instant payment system, called Raast, to offer instant, reliable and zero-cost digital payment services to the people of Pakistan with the objective of promoting the adoption of digital financial services in the country. With the launch of Raast, Pakistan has joined a select club of countries who have either launched or are in the process of launching Instant payment systems. The Raast system is fully owned and operated by State Bank of Pakistan. After the launch of the first phase of Raast, Bulk Payments in January 2021, SBP is now introducing Raast Person-to-Person (P2P).

Under Raast P2P fund transfers and settlement services, bank customers would be able to send and receive funds in their accounts using their bank’s mobile application,


internet banking or over the counter services. To facilitate their customers, banks will also allow them to create a Raast ID by linking their preferred International Bank Account Number (IBAN) with their registered mobile phone number. The customers can then share Raast ID with others to receive funds in their account. Bank customers can use Raast service for sending or receiving funds using their IBANs even if they do not have a Raast ID.

 

Features Making Life Easier


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Free of Cost:
No charges on Raast related services.


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Simple:
No need to remember long IBAN numbers.


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No minimum transaction limit:
No minimum transaction size is defined.


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Fast:
Instant payments into accounts whether it is a wallet or account or branchless banking.


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Secure:
Protected by best international practices and standards.

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24/7 Support
Raast is availble round the clock. 24/7 helpdesk support offered by the banks.

 

How to Use Raast

Transferring Funds via Raast
Transferring funds via Raast is possible even without sender registering for Raast ID.

Access your bank’s provided channel (mobile application, internet banking, branch over the counter, USSD).

Specify beneficiary’s IBAN or Raast ID (mobile number) on Raast-enabled banks.

Confirm the amount to be sent within limits provided by your bank.

Your payment will be transferred instantaneously.

Creating Your Raast ID
Creating your Raast ID helps others send payments to you using your mobile number only without remembering account numbers or IBANs.


Access your bank’s provided channel (mobile application, internet banking, branch over the counter, USSD).

Authenticate yourself and confirm your mobile number to link to your account.

Your bank channel will instantaneously confirm your mobile number as your new Raast ID. Only one Raast ID is allowed per customer and one account per Raast ID.


Watch this video to learn to create Raast ID and transfer funds.


Raast
TVC


 

Partner Banks


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Standard Chartered Bank  
Askari Bank
Dubai Islamic Bank
Allied Bank
Faysal Bank Limited
Habib Bank
Bank Al Habib  
Bank Alfalah
Khushhali MFB
United Bank
Bank of Khyber
Meezan Bank
JS Bank
  1. AlBaraka Bank
NRSP
Samba Bank
Telenor MFB (easypaisa)
Mobilink Microfinance Bank (JazzCash)
Summit Bank
HBL Microfinance Bank
HBL Konnect
U Microfinance
Habib Metro Bank  
Bank of Punjab    
Soneri Bank  
MCB Islamic
MCB Bank
Bank Islami*
* These banks will soon be offering Raast P2P services. Meanwhile their customers can receive funds from Raast.

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