Restrictions on Raast Payment System’s P2P transactions eased by the SBP

Restrictions on Raast Payment System's P2P transactions eased by the SBP

With effect from April 1, 2022, the State Bank of Pakistan has removed the minimum limit for P2P transactions through the Raast Payment System. In accordance with the applicable AML/CFT rules, the banking authority permitted financial institutions to impose a limit for their clients depending on their risk profile. It set a minimum transaction limit … Read more