RAAST P2M QR
Raast P2M QR is Pakistan’s first instant payment system by State Bank of Pakistan that enables person-to-merchant digital payment scheme among individuals and corporate businesses instantaneously. ALFA Business App has integrated Raast P2M scheme for offering Raast P2M QR to accept Merchant Payments.
Features:
- All Raast enabled banking apps can conduct Raast P2M QR transactions
- Fund transfer on Merchant’s IBAN
- Customers can conduct transactions on Raast P2M acceptance QR
- Only account based transactions can be performed
- T+1 settlement of RAAST P2M payments
- Less MDR
How can a customer pay via Raast QR?
All Raast enabled banking apps can conduct Raast P2M QR transactions. Just ask customer to follow the following steps if customer is ALFA user,
- Login to your Alfa app. Open QR scanner
- Scan RAAST QR
- Enter amount in case of Static and amount auto fetched in case of Dynamic QR proceed
- Get transaction payment receipt
How can merchant receive funds via Raast QR?
Receiving business payments through Raast QR involves a straightforward and easy process.
- Generate real-time dynamic QR or share your static QR with customer
- Customer will scan and pay
- Receive payment confirmation message
How can merchant register his/her business on Raast P2M QR?
Individuals or small businesses:
- Download Alfa Business app from Google Play Store
- Click on “Register now”
- Provide personal and business details
- Upload Documents
- And click on “let’s get started”
- Start accepting payments
Sole Proprietors, Partnership, Limited Company, NGOs/Clubs, Government/Semi Government Organizations and Corporate Setup:
- Email on alfa.business@bankalfalah.com
- Bank Alfalah’s team will contact merchants for assisted onboarding
For payment related issues: qr.support@bankalfalah.com
Frequently Asked Questions:
For more information about Raast Payments, please explore FAQs:
Frequently Asked Questions
Read Questions & Answers related to this page.