ISLAMABAD: Prime Minister Imran Khan will launch Pakistan’s first Instant Digital Payment System “Raast” at a Ceremony in Islamabad today.
Raast is part of Prime Minister Imran Khan Digital Pakistan vision to include poor segments of the society in formal economy.
It will also enable secure, efficient and transparent financial transactions.
Digital payments only account for 0.2% of Pakistan’s 100 billion transactions today, whereas the share of digital transactions in peer countries ranges from 1.5% to 7%. This can be primarily be attributed to the challenges within the payment ecosystem.