Raast is Pakistan’s first instant payment system that enables end-to-end digital payments among individuals, businesses and government entities within seconds. Not only that it helps bring down the high cost of the transactions making small-value retail payments cheap.
Raast is Pakistan’s first Instant Payment System which allows you to transfer funds quickly, securely, and easily on Raast ID’s (registered mobile number) or IBAN. It is a payment gateway that allows real-time transfer of money without any charges.
RAAST ID is a simple identifier (currently mobile number) that you link with your bank account. Instead of sharing bank account numbers, you can now share your RAAST ID (mobile number) with others and start receiving funds in your linked account.
You can send payments to a registered Raast ID or an IBAN for those banks currently active on the Raast network & similarly receive funds on your registered Raast ID or IBAN via AL Habib Branches, AL Habib Netbanking/Mobile Application