What is Raast and How to Use It in Pakistan

Digital payments in Pakistan are growing rapidly, and the State Bank of Pakistan has introduced Raast as the country’s first instant, secure, and low-cost digital payment system. On MoneyToTalk, we explain what Raast is, how it works, and how you can use it with JazzCash, Easypaisa, and your bank accounts.

What is Raast?

Raast (short for Real-time Automated Settlement System) is Pakistan’s official instant payment system launched by the State Bank of Pakistan (SBP). It allows users to send and receive money instantly between banks, mobile wallets, and payment platforms at zero or very low cost.

Unlike traditional transfers, Raast is fast, available 24/7, and directly linked to your bank or wallet account. You can register your mobile number as a Raast ID, making it easy for anyone to send you money without needing long account numbers or IBANs.

Benefits of Raast

Instant fund transfers (24/7 availability)
Zero or very low transaction charges
Safe and secure payments regulated by SBP
Works with banks, JazzCash, and Easypaisa
Mobile number can be used as Raast ID

How to Create a Raast ID

To use Raast, you need to create your Raast ID by linking your mobile number with your bank account or mobile wallet. The process may vary slightly depending on your service provider.

1. How to Register Raast in Bank Accounts

Almost all major banks in Pakistan support Raast. Here is the general process:

Log in to your bank’s mobile app or internet banking
Go to the Raast Services or Payment Services section
Select Register Raast ID
Enter your mobile number and link it with your bank account
Confirm through OTP/SMS verification

Once registered, your mobile number will work as your Raast ID for receiving payments directly into your bank account.

2. How to Register Raast in JazzCash

JazzCash also supports Raast services. To activate:

Open the JazzCash App
Tap on Raast under payments
Select Register Raast ID
Enter your mobile number (same as your JazzCash number)
Confirm registration

Now, your JazzCash number will serve as your Raast ID. Anyone can send you money directly using Raast.

3. How to Register Raast in Easypaisa

Easypaisa customers can also use Raast to receive and send instant payments. Steps include:

Open the Easypaisa App
Go to the Raast section
Choose Create Raast ID
Link your mobile number with your Easypaisa account
Verify via SMS/OTP

Once completed, your Easypaisa number will be your Raast ID for receiving direct payments.

How to Send and Receive Money with Raast

Sending and receiving money via Raast is quick and easy:

Open your bank, JazzCash, or Easypaisa app
Go to Raast Payments
Enter recipient’s mobile number (Raast ID) or IBAN
Enter the amount
Confirm the transaction

The payment is processed instantly, and the receiver gets an immediate confirmation.

FAQs about Raast

Is Raast free to use?

Yes, Raast transactions are completely free or have very minimal charges compared to regular transfers.

Can I use Raast without a smartphone?

Yes. Some banks and mobile wallets also allow Raast registration through USSD codes or branch visits, though using the mobile app is easiest.

Which banks support Raast in Pakistan?

Almost all major banks including HBL, UBL, MCB, Meezan Bank, Allied Bank, and Standard Chartered support Raast services.

Conclusion

Raast is a revolutionary digital payment system for Pakistan, offering instant, secure, and cost-free transfers. Whether you use JazzCash, Easypaisa, or a bank account, Raast makes money transfer simple and efficient. On MoneyToTalk, we recommend all users to register their Raast ID to enjoy faster and safer payments for daily transactions, freelancing, or even receiving income from YouTube and AdSense.

What is Raast and How to Use It in Pakistan