RAAST is Pakistan's first instant payment platform enabling end-to-end digital payments between individuals, businesses, and government entities. It is a real-time payment gateway developed by the State Bank of Pakistan (SBP). Here's a more detailed breakdown:
- Instant Payments: RAAST facilitates the immediate transfer of funds.
- Digital Payments: It supports end-to-end digital transactions.
- Participants: It caters to individuals, businesses, and government entities.
- Developed by: The State Bank of Pakistan (SBP) developed RAAST.
- Transaction Fees: RAAST enables real-time money transfers without any transaction fees.
