Raast

Value of online transactions, however, remains low averaging Rs80,000 each

Despite obstacles, open banking presents an opportunity to revolutionise the country’s financial sector

Transforms transaction mechanism reducing reliance on cash, encourages financial inclusion

Person-to-merchant payments will reduce use of cash, document economy

Imran for use of modern technology to bring country’s population into formal economy

It is Pakistan’s first instant payment system that enables end-to-end fund transfer

Digital payment system is a major step towards utilising country’s full potential, says Imran Khan