Raast
Country: Pakistan (PK) | Payment Rail: real_time_payment
RealTimePayment
Market Adoption: 20%
Raast is Pakistan's first instant bank transfer platform launched by the State Bank, enabling real-time peer-to-peer and merchant payments.
🔄 User Payment Flow
- Merchant checkout presents a dynamic Raast QR code or mobile alias code
- Customer logs into their native bank application and scans the QR code or inputs the alias mobile number
- Customer reviews transaction parameters and authorizes the instant clearance
- Real-time funds are routed directly to the merchant bank account
⚙️ Characteristics & Settlement
| Instant Payment | YES |
| Supports QR | YES |
| Supports Recurring | NO |
| Supports Refund | YES |
🛠️ Merchant Integration Steps
- Merchant requests dynamic QR string from PSP
- PSP registers dynamic transaction payload on the central SBP clearing network
- PSP triggers real-time webhook callback to merchant notification portal
🚀 Supported Payment Gateways & Acquirers (PSPs)
🔌 dLocal