RAAST
Pakistan’s first instant payment service!
RAAST is Pakistan’s first instant payment service which enables end-to-end digital payments between individuals, businesses, and government entities instantaneously using their mobile phone numbers as their RAAST ID.
This payment gateway system has been developed by the State Bank of Pakistan, and provides a state-of-the-art Payment System that enables real-time transfer of money with no transaction fees. All you have to do is register your mobile number with your U Bank Account. Any sender would then only need your mobile phone number to send money to your U Bank Account by using RAAST Services.
How to Avail RAAST Services
RAAST services can easily be availed using the U Bank Digital App or UPaisa Mobile App, where the option to transfer funds through RAAST is available. Additionally, mobile phone users can use the USSD option and click on the RAAST icon to use the service.
Benefits
Instant Payments: Send and receive money using your phone number, instantaneously.
Simple to Use: Link your mobile phone number as your RAAST ID in a few quick steps through the U Bank Digital App and start receiving payments using the same immediately.
No Transaction Fee: RAAST usage does not incur transaction charges for customers.
Reliable and Secure: RAAST uses more secure payment types, ensuring that each transaction is authorized by the payer, and offers enhanced data protection and fraud detection services.
The Largest Network: Raast Instant payments have been made accessible to customers of any financial institution across the country