RAAST is Pakistan’s first instant payment service that enables end-to-end digital payments among individuals, and businesses across the country by providing a better experience to onboard customers by having their RAAST ID created simply by linking their mobile number with their bank account. This would allow customers to perform instant and seamless fund transfer to other bank accounts through RAAST.
Instant Transfer of Funds
You can now instantly receive funds from other bank accounts without any delay through RAAST. Not only that but sending funds to other bank accounts via mobile numbers through RAAST offers the same seamless experience
No Transaction Fee:
An affordable digital payment option with no transaction charge for customers
Vast Network:
Digital payments made accessible to customers of any financial institution across country
Reliable and Secure:
RAAST will introduce more secure payments types, ensure that each transaction is authorized by the payer, and offer enhanced data protection and fraud detection services.
How to register on RAAST services?
JazzCash Application
Now you can conveniently register on RAAST via the JazzCash app by following the below simple steps for registering your RAAST ID
- Step 1: Log into the JazzCash app
- Step 2: Click on the “My Account” option on the homepage
- Step 3: Select the “RAAST ID Management” option in my account menu
- Step 4: Review your Mobile number and IBAN number and click on the “Create RAAST ID” icon
- Step 5: Your RAAST ID would be registered successfully
JazzCash USSD
You can also conveniently register on RAAST by dialing *786# as well by following the below simple steps for registering your RAAST ID
- Step 1: Dial the *786# string on your mobile phone
- Step 2: Select the (6) “My Account” option from the JazzCash services menu
- Step 3: Select the (5) “RAAST ID Management” option from my account menu
- Step 4: Select the (1) “Create your RAAST ID” option to register your RAAST ID
- Step 5: Review your mobile number and IBAN number and select send
- Step 6: Your RAAST ID would be registered successfully
How to send funds through RAAST?
JazzCash Application
Now you can send funds to other RAAST ID’s or IBAN numbers through the JazzCash app by following these simple steps
- Step 1: Log into the JazzCash app
- Step 2: Select the “Send Money” option and click on the “RAAST” Icon
- Step 3: Enter either a RAAST ID or IBAN to send funds to through RAAST
- Step 4: Enter the amount of funds to be sent
- Step 5: Select the purpose of payment for the fund transfer
- Step 6: Enter the recipient’s mobile number who would receive an SMS regarding the fund transfer
- Step 7: Review your transactional details and select the “Confirm” option
- Step 8: Enter your 4-digit MPIN
- Step 9: Transfer of funds is successfully completed
JazzCash USSD
Now you can send funds to other RAAST ID’s or IBAN numbers by dialing *786# by following these simple steps
- Step 1: Dial the *786# string on your mobile phone
- Step 2: Select the (1) “Send Money” option from the JazzCash services menu
- Step 3: Select the (4) “Via RAAST” option to send money via RAAST
- Step 4: Select either RAAST ID’s or IBANs to send money to
- Step 5: Enter the amount of funds to be sent
- Step 6: Select the purpose of payment for the fund transfer
- Step 7: Enter the recipient’s mobile number who would receive an SMS regarding the fund transfer
- Step 8: Review your transactional details and select the “Confirm” option
- Step 9: Enter your 4-digit MPIN
- Step 10: Transfer of funds is successfully completed
FAQ’s
What is RAAST?
RAAST is Pakistan’s first instant payment service that enables end-to-end digital payments among individuals, and businesses across the country by providing a better experience to onboard customers by having their RAAST ID created and allowing seamless fund transfer to other bank accounts via mobile numbers through RAAST.
How do I register on RAAST?
Customers can now easily register on RAAST and create their RAAST ID via the JazzCash app or by dialing *786# now.
How can I send funds using RAAST?
Now you can send funds via RAAST to any bank account to their registered RAAST ID i.e. Mobile number by following these simple steps:
- step 1: Log into the JazzCash app
- step 2: Select the “Send Money” option and click on the “RAAST” Icon
- step 3: Enter either a RAAST ID or IBAN to send funds to through RAAST
- step 4: Enter the amount of funds to be sent
- step 5: Select the purpose of payment for the fund transfer
- step 6: Enter the recipient’s mobile number who would receive an SMS regarding the fund transfer
- step 7: Review your transactional details and select the “Confirm” option
- step 8: Enter your 4-digit MPIN
- step 9: Transfer of funds is successfully completed
How is RAAST different from existing IBFT?
RAAST is different from IBFT since it is charge free and allows its users to send and receive funds instantly to your account via RAAST.
Are there any charges on RAAST?
No, there are no charges while performing transactions through RAAST
Can I create more than 1 RAAST ID?
Multiple RAAST ID’s can be created with different accounts however only one RAAST ID can be linked with one bank account
What would be used as a RAAST ID?
For creating a RAAST ID customers would only need their mobile number that is associated with their bank account
What can be used as a RAAST ID?
Currently only the customers number can be used for creating their RAAST ID however in the future customers can use their emails, CNIC to create their RAAST ID’s as well
How do I delink/ relink my RAAST ID?
To delink your already linked RAAST ID from your JazzCash account, simply go to the “RAAST ID Management” tab in my account menu. Customers can then simply click on the de-link you RAAST ID option and proceed with delinking successfully
If you want to change my RAAST ID to a new a/c number, what needs to be done?
First customers would need to delink their RAAST ID if it already linked to another account or bank. Once that is complete customers can then link their mobile number and create their new RAAST ID linked to their desired bank account
Who are the banks participating on RAAST?
Majority of all banks including Easypaisa, Standard Chartered, MCB, UBL to name some are all on RAAST
