August 5, 2021

SBP to launch 2nd phase of instant digital payment system in October

KARACHI: State Bank of Pakistan was set to launch the second phase of an instant digital payment system known as Raast within the next couple of months, which would allow person-to-person payments , it said on Wednesday.“The second phase of person-to-person payments would be launched by October 2021 for which banks are being integrated with Raast,” the SBP’s Governor Dr Reza Baqir told the participants of the fifth stakeholders meeting on digital financial services on Monday.The...