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Overview – RAAST (Pakistan’s Instant Payment System)

RAAST, developed by the State Bank of Pakistan, is a revolutionary instant digital payment platform that aims to modernize Pakistan’s financial ecosystem. It enables individuals, businesses, and government entities to send and receive payments in real time through a secure, user-friendly, and cost-free mechanism.

With its mobile number-based Raast ID, seamless IBAN integration, and advanced features like Request to Pay (RTP) and Person-to-Merchant (P2M) transactions via QR codes, Raast provides a fast, reliable, and inclusive alternative to traditional banking channels.

  • Easy to Use: No need to remember your account number – simply send and receive funds using your mobile number.

  • Zero Transaction Fees: Enjoy a cost-effective digital payment solution with no transaction charges.

  • Perfect for Businesses & Individuals: Businesses can use Raast for salary disbursements, vendor payments, and P2P transfers, while individuals can effortlessly send and receive money.

  • Secure & Reliable: Raast offers advanced data protection and fraud detection for safe transactions.

Raast P2M is Pakistan’s first instant Person-to-Merchant payment system introduced by the State Bank of Pakistan, designed to facilitate real-time digital payments between individuals and merchants. All myABL app users can perform Raast P2M transactions through QR code.

How can a customer pay via Raast P2M?

Follow these steps to perform Raast P2M transactions:

  1. Log in to your myABL app.

  2. Click on QR Scan on the home page.

  3. Scan the Raast QR code displayed by the merchant at the store or online, or upload it from your phone gallery, or enter the merchant ID.

  4. Enter the amount in case of a Static QR; the amount will be auto-fetched in case of a Dynamic QR.

  5. Click on Continue.

  6. Enter TPIN to complete the transaction.

  7. Transaction will be completed, and payment confirmation will be shown on the screen.

Raast RTP is a secure payment feature that allows the receiver to initiate a payment request to the payer, who can then approve and process the payment immediately or at a later time.

Steps to perform Raast RTP transactions:

  1. Log in to myABL application.

  2. Click on Services > Request to Pay.

  3. A list of payment requests will appear for your approval.

  4. Select and approve the RTP payments initiated by the merchant.

  5. Verify the amount.

  6. Enter your TPIN to complete the transaction.

Allied Bank customers can now utilize Raast through the Over-the-Counter (OTC) service at any Allied Bank branch, even without mobile banking or internet access. This service is free of charge for local transactions in Pakistan.

Simply visit your nearest branch and submit your cheque to be processed via Raast for faster and more secure interbank fund transfers.

Limit Type Raast Daily Limit (PKR)
Visa Classic Card 1,000,000
Visa Platinum Card 2,500,000
Visa Premium Card 5,000,000
UnionPay/PayPak Card (all variants) 250,000

Raast is an instant payment system developed by the State Bank of Pakistan, enabling seamless fund transfers in real time. You can register your mobile number as a Raast ID or use an IBAN to send and receive money instantly — without any charges.

How do I register on Raast?

Via myABL Application:

  • Log in to the myABL app.

  • Click RAAST from the main screen or bottom-right menu.

  • Tap Manage Your RAAST ID.

  • Select the account you want to link.

  • Click Link Raast ID and confirm.

  • A confirmation screen will appear.

  • You’ll receive an SMS or email as confirmation.

  • Note: If you are already registered with another bank, please de-link from that bank first.

Via myABL Internet Banking:

  • Log in to myABL Internet Banking.

  • Go to Raast ID Management from the main screen or via Sidebar > Services.

  • Select Mobile Number.

  • Choose the account to link.

  • Click Confirm.

  • A confirmation screen will appear.

  • You’ll receive SMS/email confirmation.

How do I de-link my Raast ID?

Via myABL Application:

  • Log in to the myABL app.

  • Go to RAAST > Manage Your RAAST ID.

  • Click Delink Raast ID.

  • Enter the OTP (One-Time Password).

  • Click Confirm.

  • A confirmation screen will appear.

Via myABL Internet Banking:

  • Log in to myABL Internet Banking.

  • Navigate to Raast ID Management.

  • Select the account to de-link.

  • Slide the Link/Delink toggle.

  • Enter the OTP.

  • Click Confirm.

  • A confirmation screen will appear.

How do I send money through Raast?

Via myABL Application:

  • Log in to the myABL app.

  • Go to Transfer > New Transfer or RAAST.

  • Choose either IBAN or Raast ID.

  • Select the account to send from.

  • Enter the receiver’s Raast ID or IBAN and the amount.

  • Enter your transaction PIN.

  • Click Continue to complete the transfer.

Via myABL Internet Banking:

  • Log in to myABL Internet Banking.

  • Go to Transfer > New Payee or Sidebar > Fund Transfers > Raast Transfers.

  • Select the account to send from.

  • Enter the Raast ID, amount, and purpose.

  • Enter your transaction PIN.

  • Click Transfer to complete the transaction.

How do I re-link my Raast ID?

Via myABL Application:

  • Log in to the myABL app.

  • Go to RAAST > Manage Your RAAST ID.

  • Select the account you want to link.

  • Click Link Raast ID and confirm.

  • A confirmation screen will appear.

  • You’ll receive SMS/email confirmation.

Via myABL Internet Banking:

  • Log in to myABL Internet Banking.

  • Go to Raast ID Management or via Sidebar > Manage RAAST ID.

  • Select Mobile Number.

  • Choose the account to link.

  • Click Confirm.

  • A confirmation screen will appear.

  • You’ll receive SMS/email confirmation.

What is a Raast ID?

A Raast ID is your mobile number linked to your bank account. Instead of sharing your full bank account number, you can simply share your Raast ID to receive payments. This simplifies the process and protects sensitive account details.

Do I need a bank account to use Raast?

Yes, an active bank account is required. Your bank account will be linked to your Raast ID.

Do I need to register a Raast ID to use Raast?

Only if you want to receive payments via your mobile number. If not registered, you can still receive payments using your IBAN.

How can a customer transfer funds using a Raast P2P QR code?

  1. Log in to your myABL app.

  2. Tap on QR Scan on the home page.

  3. Scan the sender’s QR code or upload from your gallery.

  4. Select Raast Transfer.

  5. Verify customer details and amount.

  6. Tap Continue.

  7. Enter your TPIN and tap Transfer.

  8. A confirmation screen will appear, and an SMS or email will be sent.

Can I change the bank account linked to my Raast ID?

Yes, you can de-link the current bank account and link another to your Raast ID.

How do I register on Raast?

  1. Log in to myABL app or internet banking.

  2. Click on Raast > Manage Your Raast ID.

  3. Select an account to link.

  4. Click on Link Raast ID.

  5. You can now start receiving funds through your mobile number.

Can I register multiple Raast IDs or link multiple accounts to one Raast ID?

No. Only one Raast ID per bank account is allowed. However, you may de-link and re-link to a different account.

Can remittances be received through Raast?

No. Raast does not support international remittances.

If a beneficiary deletes their Raast ID, will the transaction go through?

No. The transaction will be rejected if the Raast ID is deleted.

Can I modify or delete my Raast ID?

Yes. You can delete and re-register your Raast ID through the Raast ID Management section in myABL.

Can Raast be used for international transfers?

No. Raast only supports domestic transfers within Pakistan.

What should I do if I sent funds via Raast ID but the beneficiary didn’t receive them?

If funds are debited but not received by the beneficiary:

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