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Pakistan · Banking & PaymentsRaast
Pakistan's national instant payment system, letting users transfer money between banks using just a phone number.
What it helps with
- Sending money instantlyBetween all banks.
- Paying by mobile numberRaast ID.
- Paying by QRShops.
About Raast
Raast is Pakistan's national instant payment infrastructure, developed by the State Bank of Pakistan, enabling instant, free transfers between participating banks using just a mobile number instead of full account details.
Key Features
- Instant Transfers: Money moves between accounts almost immediately, across participating banks.
- Simple Identifiers: Send money using a phone number instead of remembering long account numbers.
- No Transfer Fees: As a national infrastructure system, Raast transfers are typically free of charge.
- Wide Bank Participation: Supported by most major Pakistani banks and increasingly fintech apps.
How to Get Started
- Register your phone number for Raast through your bank's mobile app or with your bank directly.
- To send money, enter the recipient's registered phone number instead of their account number.
- Confirm the transfer amount and complete the transaction.
- Check your bank statement or app for confirmation.
Before you use it
- Sign-up: Raast is set up in your bank or wallet app by linking your mobile number as a Raast ID.
- Good to know: Raast is run by the State Bank of Pakistan and works across all banks and wallets.
Local number needed
Local ID needed
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Frequently Asked Questions
- Does Raast work with a foreign bank card in Pakistan?
- Not reliably - a foreign card may be declined. Check the notice above, or plan to use a local payment method.
- Is Raast available in English?
- Not officially - the interface is mainly in the local language.
- Do I need a local phone number to use Raast?
- Yes, Raast requires a local phone number to register.
- Do I need local ID or residency for Raast?
- Yes, Raast requires local ID or residency status.
- Where can I use Raast?
- iOS · Android · Web
- How much does Raast cost?
- Free for individuals