RAAST
Pakistan’s First Instant Payment System
NOW AVAILABLE on the Alfalah Invest App & Online Portal!
Raast is Pakistan’s first Instant Payment System which allows you to transfer funds quickly, securely and easily by registering your mobile number as your Raast ID, or by using IBAN. Developed by State Bank of Pakistan, this payment gateway allows real-time transfer of money without any charges.
Now you can use Raast Services on the Alfalah Invest App and Online Portal and enjoy free of cost transactions!
Features:
Quick Registration
Add as payee on your banking app for seamless transactionsFree of Cost
Make transactions without any charges.
Safe and Secure
Raast uses secure payment types, ensures each transaction is authorized by the payer and offers enhanced data protection and fraud detection services.
Benefits:
1. Payment through RAAST is available on the banking apps of all commercial banks in Pakistan, making it easily accessible for everyone.
2. There are ZERO transaction charges on payments made through RAAST
3. Ease in investment process – After the generation of a one-time RAAST IBAN via the Alfalah Invest Mobile App or Alfalah Investments’ online portal, the investor doesn’t have to log in on the app/portal for subsequent investment(s) and can directly invest from his/her banking app. (The existing two-step process would be reduced to a single step for re-investment(s))
How to make an investment through RAAST:
First Time Investment:
1. Log in to the Alfalah Invest Mobile App or Alfalah Investments Online Portal.
2. Select the fund and generate RAAST IBAN for it, then copy it.
3. Log in to the banking app or portal linked to your bank account.
4. Go to Fund Transfer and choose RAAST as your chosen payment method.
5. Paste the RAAST IBAN Number under RAAST ID/IBAN.
6. Add your investment amount and complete the transaction.
7. Save the RAAST IBAN in your list of Payees (for subsequent Investments)
Subsequent Investment(s):
1. Log in to the banking app or portal linked to your bank account.
2. Go to Fund Transfer and choose RAAST as your chosen payment method.
3. Paste the RAAST IBAN Number under RAAST ID/IBAN.
(Steps 2 and 3 will be skipped if the RAAST IBAN is saved in your Payee List – In this case, just do a Fund Transfer to already saved RAAST IBAN in Payee List)4. Add your investment amount and complete the transaction.
So what are you waiting for? Log in NOW and start making free of cost investments!
Available on both Apple and PlayStore.
App Store: https://apple.co/42U3p8M
PlayStore: https://bit.ly/3SPz4na
