good news for govt employees and pensioners || salary and pension payment through RAAST ID

good news for govt employees and pensioners,salary and pension payment through RAAST ID
biometric verification for pensioners in pakistan

Raast: Pakistan's Instant Payment System

Features of Raast


Instantaneous payments: Near real-time digital payments across individuals, merchants, businesses, and government entities


Low-to-no transaction costs for end users: Raast is designed to operate at a cost recovery model in order to make digital payments affordable to end users of all socio-economic backgrounds


Full sector-wide interoperability: Raast will allow all financial institutions to seamlessly connect to each other via a single link to the central infrastructure, making digital payments accessible across any channel to customers of any financial institution


Customer-centric innovative products/services: Raast will be built on cutting-edge technological standards, allowing financial institutions to develop innovative and user-friendly digital payment products and services (e.g. payment through phone number as RAAST ID).


Reliability and enhanced security: RAAST uses more secure payment types, ensures that each transaction is authorized by the payer, and offer enhanced data protection and fraud detection services
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