Bulk Payments is a key module of Raast, designed to facilitate the large-scale disbursements for organizations across various sectors. Users can process a large volume of payments with unparalleled ease and efficiency.
Dividend Disbursements
The Bulk Payments module made its debut with the use case of dividend disbursements via the Central Depository Company of Pakistan (CDC). This initiative marked a significant milestone in digitizing large-scale payment processes.
Government Payments
The government leverages Bulk Payments module for a wide range of payment operations including Government-to-Person (G2P) payments, such as social welfare disbursements and subsidies as well as salaries and pensions of government employees.
Central Directorate of National Savings (CDNS)
The CDNS uses the Bulk Payments module to process profit payments and facilitate the encashment of investments.
Payroll Processing for Businesses
Financial institutions use this module to manage payroll processing for their corporate clients.
