Raast (Urdu: راست; lit. 'direct') is an instant payment system developed by the State Bank of Pakistan (SBP). It operates using the state-of-the-art Pakistan Faster Payment System (PFPS), facilitating real-time settlement of small-value retail payments, including inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions.
Raast (Urdu: راست; lit. 'direct') is an instant payment system developed by the State Bank of Pakistan (SBP). It operates using the state-of-the-art Pakistan Faster Payment System (PFPS), facilitating real-time settlement of small-value retail payments, including inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions.
Source: Wikipedia "Raast" · CC BY-SA 4.0
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