Pakistan’s First Instant Payment System
Raast is Pakistan’s first Instant Payment System which allows you to transfer funds quickly, securely and easily by registering your mobile number as your Raast ID, or by using IBAN.
Developed by State Bank of Pakistan, this payment gateway allows real-time transfer of money without any charges.
Features:
- Convenient: No need to remember your account number anymore, simply send and receive funds through your mobile number.
- Quick Registration: Link your Bank Alfalah account with your mobile number to receive funds.
- Free of Cost: Customers can send payments to any mobile number or IBAN without any charges
- Safe and Secure: Raast uses secure payment types, ensures each transaction is authorized by the payer and offers enhanced data protection and fraud detection services.
How do I register on Raast?
- Login to Alfa or Internet Banking
- Select Raast ID Management from the sidebar menu
- Choose a Bank Alfalah account to link to your mobile number
or
- Type “Raast” and send it to 8287. Your mobile number will be linked to your account
- To manage linked account, login to Alfa/IB > Select Raast ID Management
All done. You can now start receiving funds through your mobile number!
How do I send money with Raast?
- Login to Alfa or Internet Banking
- Select Send Money > Raast Payment
- Choose any account to send funds from
- Send money to any registered mobile number or IBAN
How do I receive money with Raast?
To receive funds through your mobile number, register your Raast ID using ‘Raast ID Management’
or
You can also receive funds using IBAN
