Imran Korai has announced that he has started a new position as Chief Business Officer at Raast Payments Pakistan, marking a new development in his professional career within Pakistan’s digital payments sector. Korai shared the appointment through a LinkedIn post, saying he was happy to begin his new role at the company. His appointment comes as digital payment infrastructure continues to gain importance in Pakistan, with instant payment services and cashless transactions becoming increasingly relevant to banks, financial institutions, fintech companies and consumers. Korai’s new position places him within the leadership structure of Raast Payments Pakistan, with the announcement highlighting digital payments, instant payments, financial inclusion and banking among the areas associated with the company’s broader ecosystem.
Raast is Pakistan’s instant payment system developed under the State Bank of Pakistan’s initiative to facilitate fast, convenient and interoperable digital payments. The platform has become an important part of the country’s payment infrastructure by enabling individuals, businesses and institutions to send and receive funds through participating financial institutions and digital channels. Its development has also supported efforts to expand digital payment adoption and reduce reliance on cash-based transactions. As more banks, fintech companies and payment service providers integrate digital payment capabilities, the role of instant payment infrastructure has become increasingly important for the wider financial services industry. Korai’s move to Raast Payments Pakistan therefore adds another industry executive to an ecosystem focused on expanding digital payment usage and access.
The appointment also comes against the backdrop of growing attention toward financial inclusion and digital financial services in Pakistan. Instant payment systems can provide customers with faster transaction options while giving businesses additional channels for receiving and transferring funds. Digital payment infrastructure can also support new financial products and services by allowing institutions to build services around interoperable payment rails. Raast has been positioned as part of Pakistan’s broader transition toward a more digitally connected payments environment, with use cases spanning person-to-person transfers, merchant payments and other digital transactions. Korai’s announcement specifically referenced digital payments, instant payments, financial inclusion, banking and a cashless Pakistan among the areas connected with his new professional role.
Korai’s appointment as Chief Business Officer adds to the ongoing development of Pakistan’s digital payments ecosystem, where payment infrastructure providers, banks, fintech companies and other stakeholders are working to expand electronic transaction channels. While his announcement did not provide specific details about his responsibilities, business strategy or upcoming initiatives at Raast Payments Pakistan, the new role places him at a company operating within an increasingly important segment of the financial technology sector. His move is therefore relevant to the broader payments industry as Pakistan continues to develop digital transaction infrastructure and promote greater use of electronic payment channels. Further details about Korai’s priorities and initiatives in his new position may emerge as he begins his tenure at Raast Payments Pakistan.
Follow the SPIN IDG WhatsApp Channel for updates across the Smart Pakistan Insights Network covering all of Pakistan’s technology ecosystem.
