KARACHI: Pakistanis have made transactions worth Rs 1,000 billion through Rast, an instant payment system, in 16 days, compared to 336 days after its launch two years ago. represents an increase from
According to the report of the State Bank, 892 million transactions worth 20 thousand billion rupees have been done through Rast, while in the last 16 days, transactions worth 1 thousand billion rupees have been made, which is a record, which will facilitate the digital payments of the State Bank. Shows commitment.
It may be noted that State Bank had earlier started person-to-person payment system, but now it has been extended to person-to-merchant, under which businessmen can enter QR code, Rast IDs, bank account numbers and other options. Can receive payments from customers through
This is expected to further accelerate online payments, on the other hand account opening rate in banks has increased by 18% and 215 million accounts have been opened by the end of FY24.
