News & Events

Trusted by many for RAAST – Pakistan’s Instant Payment System

Paysys has emerged has the single largest System Integrator for Pakistan’s Faster Payments Initiative “RAAST”, in the last 2 months alone 13 banks have entrusted Paysys to enable their core infrastructure to integrate with RAAST for Bulk Payments, P2P Transactions and Merchant Payments.

RAAST is the State Bank of Pakistan’s initiative to introduce a real time retail payments gateway in Pakistan to help reduce the country’s heavy reliance on cash, to meet this need RAAST operates on the ISO20022 interface for real time payments which Paysys offers to integrate with seamlessly through its OpenConnect MPG Connector.