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This payment gateway system has been developed by State Bank of Pakistan, provides state-of-the-art Payment System that enables real-time transfer of money with no transaction fees. All you have to do is register your mobile number with your HBL/Konnect by HBL Account. Any sender would then only need your mobile phone number to send money to your HBL/Konnect by HBL Account by using Raast Services.
Step 1: Sign into your HBL Mobile
Step 2: Select ‘RAAST Management’ and click on ‘Link’
Step 3: Select your ‘Linked Account’ and add your ‘mobile phone number’ and press ‘Next’
Step 4: Enter your ‘Transaction Password’, receive and submit your One Time Password ‘OTP’ to complete enablement
Step 1: Sign into your Konnect App
Step 2: Select ‘RAAST Management’ and click on ‘Link’
Step 3: Confirm your ‘Link Account’ and ‘mobile phone number’ and press ‘Next’
Step 1: Sign into your HBL Mobile
Step 2: Select ‘Send Money’ and click on + to add a recipient
Step 3: Select ‘RAAST ID’ and add recipient’s mobile phone number and press ‘Next’
Step 4: Enter your ‘Transaction Password’, receive and submit your One Time Password ‘OTP’ to complete transaction
Step 1: Sign into your Konnect App
Step 2: Select ‘Send Money’ and click on ‘Add RAAST ID/IBAN’ to add a recipient
Step 3: Select ‘RAAST ID’ and add recipient’s mobile phone number and press ‘Next’
Raast is Pakistan’s first instant payment system that will enable end-to-end digital payments among individuals, businesses and government entities instantaneously. The state-of-the-art Pakistan’s Faster Payment System will be used to settle small-value retail payments in real time while at the same time provide a cheap and universal access to all players in the financial industry including banks and fintechs.
For more information, visit:https://www.sbp.org.pk/dfs/Raast.html
In IBFT, you require bank account number for sending and receiving payments, whereas through RAAST you can send and receive money from anywhere across Pakistan on your registered Raast ID
For now, per day transfer limit is PKR 200,000 but branchless banking account limits apply
As of now there are no charges for using RAAST services
No, a customer can only register 1 Raast ID with one linked account
No, at a time you can only link one bank account to your Raast ID.
No, you can only use your mobile phone number to set up your RAAST ID
No, RAAST is only available for single and joint customer accounts
No, Remittances can’t be received using RAAST Services
No, the transaction will be rejected if the beneficiary has deleted their Raast ID
Yes, you can de-link your Raast ID from your current bank account and can re-link that Raast ID with another bank account.
HBL Mobile users can initiate the delete request for Raast ID by calling HBL Helpline 021-111-111-425. Konnect by HBL users can initiate the delete request for Raast ID by calling Konnect by HBL Helpline 021-111-425-111.
For complaints you may reach out HBL (021-111-111-425) or Konnect by HBL helpline (021-111-425-111)