Raast

Instant Payments: Now Live at Citi Pakistan!

Raast is Pakistan’s first instant payment scheme, introduced by the State Bank of Pakistan, that enables end-to-end digital payments between bank accounts domestically. Built on ISO20022 standards, Raast is a simple, fast, and secure method of electronic payments allowing Citi’s clients to settle their payments instantly with unparalleled speed and access.

Key Benefits

*For further information, please visit Citi Payment Insight Website.

Put Instant Payments to Work for Your Business

Instant Inflows and Outflows through Raast!

Now, in addition to sending fund transfer payments, you can start receiving fund transfers into your bank account at Citi via Raast. You may inform your obligors to start sending low-value payments round-the-clock via Raast into your Citi account.

Seamless Transition to Raast Instant Payments

Your convenience is at the forefront of our priorities. All your outgoing electronic payments will now be executed via Raast for transactions up to PKR 1 million, with no changes in payment instructions required at your end. With this hassle-free solution, you simply need to ensure that an IBAN is provided for the beneficiary bank account*.

*Please ensure that no alias (phone number, email address etc.) is used.

Raast Slipsheet

FAQs on Raast

For more details, please click on thumbnails to download the document