How to use Pakistan’s first instant payment system RAAST via easypaisa

easypaisa is now offering the service of Raast P2M (Person to Merchant) payments system on its platform.

What is Raast?

Raast is Pakistan’s first instant payment system, designed to enable seamless digital payments among individuals, businesses, and government entities. It facilitates instant fund transfers, making digital payments more accessible and efficient. With the integration of Raast P2M (Person to Merchant) on the Easypaisa platform, customers can now transfer funds effortlessly to other individuals with bank accounts and pay merchants via QR codes.

 Key Features of Raast P2M

• Open-loop QR Payments: Both static and dynamic QR codes are supported, allowing for flexible payment options.
• Request to Pay (RTP): Users can request payments, making it easier to receive money.
• Alias-based Payments: Simplifies transactions by using easy-to-remember aliases instead of complex account numbers.
• Instant Merchant Settlement: Merchants receive payments in real-time, enhancing cash flow management.
• Till Codes for Non-smartphone Users: Enables customers without smartphones to participate in digital transactions.

Why Use Raast?

Universal Bank Connectivity: Raast connects you with every bank in Pakistan, simplifying inter-bank transfers.

Convenience: Offers a simple, fast, and secure method to transfer money.

Instant Transactions: Funds are transferred in real-time, providing immediate access to money.

How to Start Using Raast

You can start using Raast through the easypaisa app by following these steps:

1. Open the easypaisa App: Log in to your account.
2. Access Raast: Tap on “Raast” on the home screen.
3. Enter Receiver’s Raast ID: Input the ID of the person you want to send money to.
4. Select Purpose of Payment: Choose the reason for the transaction.
5. Enter Amount: Specify the amount to be transferred and tap on “Next”.
6. Send Money: Tap on “Send now” to complete the transfer.

 Charges for Sending Money

The charges for sending money to another bank account through Raast will depend on the specific fee schedule set by Easypaisa.