Do you know what is Raast ID is? You must have noticed that whenever you open your Easypaisa or JazzCash or any bank mobile application, the first thing you are asked about is Raast ID, do you know what this Raast ID is? If you don’t know about it then don’t worry I will give you full details about what Raast ID is.
State Bank of Pakistan has introduced a digital payment service called Raast ID which is P2P Instant Payment Service in Pakistan. Generally, when we transfer money to anyone, whether it is EasyPaisa to JazzCash or JazzCash to EasyPaisa or to a bank, we find out the account number of the next person and then send the money to them.
But Raast ID has solved all these issues in just 1 mobile number. Now, if you want to send money to any bank or any mobile payment application like Jazz Cash just tell your Raast ID and transfer money to it. It will be done in instantly.
How raast id Works raast Payment Service
Now we will discuss how it works. If you want to send money to someone and you just know his account number but don’t know the bank, or if you know the bank but don’t know the account number, then for sending money, you need to know both.
But if you know his Raast ID, then you have to enter his Raast ID then you can easily send money without any worry then the payment is automatically transferred to the respective bank. Because it is introduced by the State Bank of Pakistan, we can trust that it is a completely secure payment service.
There are no costs of any kind to use Raast ID, it is a completely free service. By using Raast ID now you neither need to remember the account number nor the IBAN number. This is the fastest service and you can also use it from the comfort of your home. Raast ID has no transaction limit minimum. International practices and standards are used to secure this.
Raast ID basically creates a link between two users. For example, if you want to send money to someone, only the sender, and the receiver, will know that you have sent money to each other. There will be no interference from any third party in this process of service.
Raast ID is available 24 hours a day, you can use it anytime. Raast ID made mandatory for all banks Now all banks are able to conduct secure transactions using Raast ID.
How to Create raast id
Now let’s talk about how you can create a Raast ID. Creating Raast ID is not a difficult task, you just open your respective bank’s mobile application, first, you will be asked about Raast ID if you have not already created Raast ID.
When you confirm it, you will be asked for your mobile number which is your Raast ID and your Raast ID will be generated instantly for that number. 1 account number and 1 mobile number you can use as Raast ID.
I hope you liked my article if you are facing any kind of problem in creating a Raast id then you can ask me in the comment section I will reply to you as soon as possible.