A Raast ID is essentially a simple identifier, currently a mobile number, that you link to your bank account for easy fund transfers. Instead of sharing your complicated bank account number, you can share your Raast ID to receive payments.
How Raast ID Works
Here's a breakdown of how a Raast ID simplifies the process:
- Simplified Sharing: Share your Raast ID (mobile number) instead of your bank account details. (Reference: Q1)
- Direct Linking: Your Raast ID is directly linked to your chosen bank account. (Reference: Q1)
- Easy Receiving: Receive funds directly into your linked account by providing your Raast ID. (Reference: Q1)
In short, a Raast ID streamlines the process of receiving funds by replacing the need to share sensitive bank account information with a more user-friendly identifier.
