National Bank of Pakistan (NBP) has received approval to launch Raast Person-to-Merchant acquiring services commercially. The move marks another step in Pakistan’s shift toward digital payments and a cashless economy. The approval allows NBP to begin full commercial operations under the Raast framework developed by the State Bank of Pakistan. NBP announced the development in […]
From QR to Real-Time: aikPay Brings Shariah-Compliant Digital Payments to Pakistan
aik by BankIslami has launched aikPay, Pakistan’s first Shariah-compliant, Raast-enabled QR payment gateway, marking a major step forward in the country’s digital payments landscape. Built on the State Bank of Pakistan’s Raast infrastructure, aikPay enables real-time online payments through dynamic QR codes, allowing customers to pay directly from their bank accounts while offering merchants a […]
Ahson bin Saeed Appointed CEO of Raast Payments Pakistan
Pakistan’s digital payments ecosystem has taken a significant step forward with the appointment of Ahson bin Saeed as the new Chief Executive Officer of Raast Payments Pakistan (Pvt.) Ltd., a wholly owned subsidiary of the State Bank of Pakistan. Raast serves as the country’s first instant payment system, designed to enable real-time, end-to-end digital transactions […]