Raast – Pakistan's Instant Payment System

Send and Receive free Payments using your Mobile Number!

Raast is Pakistan’s first instant payment service which enables secure end-to-end free of cost digital payments between individuals in real time! This state-of-the-art payment system links customer account numbers with their registered mobile phone numbers to create a unique Raast ID.

With Raast ID registration, your mobile number is now your account number.

 

 

Raast Digital Service – via MCB Live

ID Creation

  • Step 1: Login to MCB Live.
  • Step 2: Click on option 'Manage Raast ID' on homepage.
  • Step 3: Customers details i.e. Raast ID Type, registered mobile number & accounts (along with corresponding IBANs) will be displayed; select the account to be tagged with the Raast ID & press create.
  • Step 4: On review screen verify the details & press ‘Confirm’.
  • Step 5: Enter 6-digit OTP received on registered mobile number & press ‘Confirm’.
  • Step 6: Raast ID will be created and linked with the selected MCB account successfully.

Fund Transfer

  • Step 1: Login to MCB Live
  • Step 2: Click on ‘Transfer Funds’ in main menu
  • Step 3: Select desired Raast Payee from the list
  • Step 4: Enter transaction details respectively and click ‘Confirm’ upon verification.
  • Step 5: Enter 6 digit OTP received on registered mobile number & press ‘Confirm’.
  • Step 6: Funds will be transferred successfully

Note: Per day Transaction Limit of PKR 510,000 is applicable.

Raast Branch Service

  • Step1: Visit any MCB Branch
  • Step 2: Register/ Create Raast ID at counter following the steps below:
    • Fill Customer Registration & RAAST ID Management Form
    • Perform Biometric Verification
    • Authorize transaction with OTP received on your registered mobile number.
  • Step 3: Fill the Raast Funds Transfer Application Form for funds transfer transactions against debit to MCB Account.
  • Step 4: Authorize transaction with OTP received on your registered mobile number
  • Step 5: Branch staff will complete verification and transfer funds.

Note: Per day Transaction Limit of PKR 500,000 is applicable.

For more information about Raast, please call 111-000-622 or send us an email at [email protected] or visit SBP

FAQ