{"id":83900,"date":"2022-02-15T13:03:09","date_gmt":"2022-02-15T08:03:09","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=83900"},"modified":"2022-02-15T15:06:51","modified_gmt":"2022-02-15T10:06:51","slug":"raast-payment-system-launched","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/raast-payment-system-launched.html","title":{"rendered":"Raast payment system for instant digital transactions launched"},"content":{"rendered":"\n<p>Islamabad: Prime Minister (PM) Imran Khan on Tuesday (February 15) launched Raast (person-to-person payment system for instant digital transactions), according to news sources. This initiative will facilitate the common man by making it easy to make digital payments and bring them into the formal economy.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/sbp-p2p-fund-transfer-system.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP launches Pakistan\u2019s first P2P fund transfer system<\/a><\/p>\n\n\n\n<p>PM Khan, speaking at the launch ceremony, termed the country\u2019s 220 million-strong population as a great asset if brought into the formal economy. He went on to say that if the said population was not brought into the economy, then it would have become a burden.<\/p>\n\n\n\n<p>Moreover, the PM shared the details about the <a href=\"https:\/\/www.zameen.com\/news\/raast-instant-payment-system-introduced.html\" target=\"_blank\" rel=\"noreferrer noopener\">features of Raast<\/a>. He notified that people can transfer money instantly from their phones and will not have to visit banks. He further added that the saving rate will increase which improve the tax to Gross Domestic Product (GDP) ratio and progress of the country.<\/p>\n\n\n\n<p>State Bank of Pakistan (SBP) Governor Dr Reza Baqir disclosed that the Raast person-to-person payment system is a revolution for financial inclusion in the country. Through this initiative, people can pay each other with ease.<\/p>\n\n\n\n<p>Sharing more details about Raast, the governor shared four special points. He elaborated that payment will be made within seconds, mobile phone number will be Raast ID number and will be linked to their bank account, there will be no banking fee, and it will be available on every channel.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/digital-banking-plan-to-be-approved-in-a-month-sbp.html\" target=\"_blank\" rel=\"noreferrer noopener\">Digital banking plan to be approved within a month: SBP deputy governor<\/a><\/p>\n\n\n\n<p>Reportedly, he disclosed that people can de-link their Raast ID from the banks if they are not happy with the services and add another bank.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Prime Minister (PM) Imran Khan on Tuesday (February 15) launched Raast (person-to-person payment system for instant digital transactions), according to news sources. This initiative will facilitate the common man by making it easy to make digital payments and bring them into the formal economy. Read: SBP launches Pakistan\u2019s first P2P fund transfer system PM Khan, speaking at the launch ceremony, termed the country\u2019s 220 million-strong population as a great asset if brought into the formal economy. He went on to say that if the said population was not brought into the economy, then it would have become a burden. Moreover, the PM shared the details about the features of Raast. He notified that people can transfer money instantly from their phones and will not have to visit banks. He further added that the saving rate will increase which improve the tax to Gross Domestic Product (GDP) ratio and progress of the country. State Bank of Pakistan (SBP) Governor Dr Reza Baqir disclosed that the Raast person-to-person payment system is a revolution for financial inclusion in the country. Through this initiative, people can pay each other with ease. Sharing more details about Raast, the governor shared four special points. He&hellip;<\/p>\n","protected":false},"author":83,"featured_media":73363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[44907,51151],"persona":[],"class_list":{"0":"post-83900","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-raast-instant-payment-system-introduced","9":"tag-raast-payment-system-for-instant-digital-transactions-launched","10":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Raast payment system for digital transactions launched- Zameen News<\/title>\n<meta name=\"description\" content=\"Prime Minister (PM) Imran Khan on Tuesday (February 15) launched Raast person-to-person payment system for instant digital transactions....\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/raast-payment-system-launched.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raast payment system for digital transactions launched- Zameen News\" \/>\n<meta property=\"og:description\" content=\"Prime Minister (PM) Imran Khan on Tuesday (February 15) launched Raast person-to-person payment system for instant digital transactions....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/raast-payment-system-launched.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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