Tag: Raast

National Bank of Pakistan NBP secures regulatory approval from State Bank of Pakistan for Raast Person to Merchant P2M acquiring to boost digital payments.

State Bank of Pakistan reports massive digital growth in 2025 as Raast transactions hit Rs 50 trillion and Roshan Digital Account inflows exceed $11 billion.

1LINK (Pvt) Limited conducts industry engagement sessions with partner banks to align on operating guidelines for 1GO Raast P2M, POS, and eCommerce digital payment solutions.

Khushhali Microfinance Bank has partnered with 1LINK to enable Raast P2M services allowing merchants to accept digital payments via static QR codes across Pakistan.

Meezan Bank reports a record monthly card spend of 45 billion rupees reflecting a massive shift toward digital transactions and cashless payments in Pakistan.

A Better Than Cash Alliance report examines how trust, fraud prevention, liability clariA Better Than Cash Alliance report examines how trust, fraud prevention, liability clarity, and consumer protection will determine the long-term success of Pakistan’s RAAST real-time payment system.ty, and consumer protection will determine the long-term success of Pakistan’s RAAST real-time payment system.

Despite large-scale digital finance infrastructure, Pakistan’s transition away from cash remains limited. Weak behavioral adoption, household-based financial practices, and informality constrain the impact of systems like Raast, keeping digital payments widespread but shallow in everyday economic use.

Meezan Bank accelerates Pakistan digital payments by onboarding 50000 merchants and integrating Raast to drive financial inclusion and a documented economy.

Pakistan targets a fully digitized economy by June 2026, leveraging a successful 5G spectrum auction and JazzCash’s mobile-first subsidy delivery systems.

The SBP Quarterly Payment Systems Report reveals a massive shift toward a cashless economy with digital transactions reaching 92 percent of the retail total.

Safepay announces general availability of Raast, enabling real-time bank transfers with instant confirmation, automated reconciliation, and seamless API integration for merchants across Pakistan.

Pakistan’s instant digital payment platform RAAST has processed over Rs. 80 trillion in transactions, connecting 48 million users and 53 financial institutions, enhancing financial inclusion and promoting a cashless economy.