State Bank of Pakistan -SBP launched instant Digital Payment system named as Raast on Wednesday first time in history of Pakistan.
This digital system will serve citizens with quick, secure and free person to person -P2P payment assistant.
State Bank of Pakistan -SBP issued orders on Thursday to all banks authorize P2p transactions in Pakistan by Raast -Instant Payment System in Pakistan.
According to some reports and official statements central bank is working to improve financial system such as banking digitalization and payment system upgrading.
According to SBP official statement, P2P service -Raast will give appropriate and hassle -free digital fund transaction service to customers. It will also make well organized and enabling payment infrastructure that would be step forward for promotion of digital financial service and digitization of banking system in the country.
The SBP encouraged banks to make Person to Person -Raast fund service available for all clients by all possible channels like internet banking, mobile apps and branch counters.
You may like our posts:
How to invest in Pakistan Stock Exchange?
How to earn money online in Pakistan
US developed smartphone system for testing of Covid-19
