State bank of Pakistan with collaborations of Bill and Melinda Gates Foundation and Karandaaz Pakistan developed which new digitalalization system for increasing financial system ?
A. Techno pay
B. Raast
C. Digital currency
D. None of these
The Honorable Prime Minister of Pakistan, Mr. Imran Khan, launched the completion of the first phase
of Pakistan’s Instant Payment System, Raast, in a ceremony held in Islamabad today and hosted by the
State Bank of Pakistan (SBP). Raast is an initiative of SBP under which it has developed Pakistan’s first
instant paymentsystem in collaboration with Bill & Melinda Gates Foundation and Karandaaz, Pakistan.
Raast is an accomplishment of one of the milestones of SBP’s broader strategic agenda of digitalization
and increasing financial inclusion in the country.
Speaking at the occasion, the Prime Minister congratulated SBP and termed the launch of Raast as an
important step towards fulfilling the Government’s vision and commitment to effectively promote and
encourage digitalization of the economy. Raast will provide digital, easy-to-use, efficient and costeffective payment options to people of Pakistan and expected to be a catalyst for providing sustainable
opportunities to small businesses and individuals
