Tag: instant payments

Punjab IT Board signs agreement with Bank of Punjab to advance PayZen digital payment platform, enabling secure, instant payments, QR code facilities, and API integration.

The State Bank of Pakistan’s Innovation Hub has launched its first SBP Innovation Hub Seminar Series, starting with a session featuring Raza Matin from the Better Than Cash Alliance on building trust in Raast digital payments and strengthening security and public confidence in Pakistan’s digital financial ecosystem.

PayFast, in collaboration with Unity Retail and SLGTrax, has launched Rah-e-Raast, Pakistan’s first merchant-friendly Raast QR payment solution. The innovation enables digital payments directly via QR codes printed on parcel airway bills, streamlining last-mile collections and supporting the State Bank of Pakistan’s vision for a cashless and digitally inclusive economy.

Askari Bank Limited and 1LINK have signed an agreement to enable 1GO Raast P2M payment acceptance, empowering merchants across Pakistan to receive secure, real-time digital payments via QR codes — advancing the country’s cashless economy vision.

CDC has integrated the RAAST payment system with Munir Khanani Securities, enabling real-time fund transfers for investors and advancing Pakistan’s digital capital market infrastructure.