Raast is Pakistan’s first instant payment system that would enable end-to-end digital payments among individuals, corporations, and government organizations quickly.It is the state-of-the-art Pakistan’s Faster Payment System. It will be used to settle small-value retail payments in real-time while at the same time providing cheap and universal access to all players in the financial industry. Particularly including commercial banks, microfinance banks, government entities, and fintech (EMIs & PSPs) (EMIs & PSPs). In short You can check and Raast Pakistan App Download.
Raast Pakistan App Download Now
Pakistan has experienced low electronic transactions for a number of reasons including poor banking penetration, lack of confidence and understanding of digital payment systems, restricted information sharing, problematic accessibility, and high cost of transactions. Therefore, The Real-Time Gross Settlement System (RTGS) of Pakistan allows quick payment settlements for big value and business transactions only. Raast: Moreover, Pakistan’s Instant Payment System will simplify retail payment settlements with much great efficiency.
FEATURES OF RAAST Pakistan App
- Raast Services allows you to send and receive money amongst people directly in particular.
- Secondly it is an inexpensive digital payment alternative that doesn’t charge users to use it.
- Furthermore, all financial institutions across the country will have access to Raast’s digital payment network, which will provide a wide range of payment options and increased data protection and fraud detection capabilities.
HOW TO REGISTER ON RAAST SERVICES?
Using the UBL Digital App, you may easily sign up for Raast. To register, follow the steps outlined below:
‘Sign in’ to your UBL Digital App first.
Step 2: Select ‘Settings’ from your ‘profile’.
Step 3: Click on ‘Create,’ then ‘Raast Management.’
4: Choose your “mobile number” and connect it to your UBL account.
That’s all there is to it! Using Raast’s services, you’ve been able to receive payments on your phone. The only thing you need to do to receive money is to give the sender your cell phone number.
HOW TO MAKE PAYMENTS ON RAAST SERVICES?
To use Raast services to make payments, simply follow these steps:
- Using the UBL Digital App, pick Payments from the drop-down menu.
- Add a new Payee to Raast by clicking on the Payees tab.
- Step 3: Enter a mobile phone number or IBAN.
- A Raast registered mobile number must be entered along with the one-time password (OTP).
- Payout is done right away!