Key Takeaways
- Send and receive funds instantly using a mobile number or IBAN.
- Raast-related services are currently available without charges.
- Link your mobile number as a Raast ID for easier payments.
- Transfers can be made through JS Mobile, Internet Banking or selected branch services.
- The service supports fast, secure and convenient digital payments.
Digital payments are becoming an increasingly important part of everyday life, making it easier to send and receive money without relying on cash. Raast is helping support this shift by enabling instant digital fund transfers across participating financial institutions in Pakistan. Whether you need to send money to a family member, make a payment or receive funds, instant payment services can make transactions simpler and more convenient.
For JS Bank customers, JS Raast provides a convenient way to send and receive funds using a mobile number or IBAN. Available through JS Mobile, JS Internet Banking and over the counter at JS Bank branches, the service is designed to support fast, simple and secure local transfers.
What Is Raast and How Does It Work?
Many people asking what Raast is are looking for a simpler way to understand how instant digital transfers work. It is Pakistan’s instant payment infrastructure, designed to enable end-to-end digital payments between individuals, businesses and government entities.
Instead of requiring someone to remember and share a lengthy bank account number, users can link their mobile number to their bank account as a Raast ID. This allows them to receive money using their registered mobile number.
However, users can also make transfers using an IBAN. A registered Raast ID is primarily useful when receiving payments through a mobile-number-based identifier.
The growing use of digital payments shows how quickly Pakistan’s financial ecosystem is changing. According to the State Bank of Pakistan’s FY2025 payment systems statistics, the growing adoption reflects the increasing demand for convenient digital payments. During the second quarter of FY2025, Raast person-to-person transactions reached 294 million, representing a 50% quarterly increase, highlighting the rapid growth of instant payments in Pakistan.
The Growth of Digital Payments in 2026
Pakistan’s move towards a more digitally connected economy continued in 2026. According to government data released in July 2026, annual digital transactions increased from 6.9 billion to 11.3 billion, while the number of active merchants accepting digital payments grew from approximately 0.5 million to more than 2 million. Digital banking users also exceeded 135 million.
The growth of instant payments has been particularly significant. State Bank of Pakistan data for Q2 FY26 shows that the system processed 645.7 million transactions worth PKR 18.5 trillion during the quarter.
Person-to-person transfers accounted for 603 million transactions, while person-to-merchant payments reached 33.6 million transactions. This demonstrates the growing role of instant payments in both everyday transfers and commercial transactions.
Why Are Instant Payments Useful?
Traditional fund transfers may require customers to enter lengthy account details and wait for processing depending on the payment channel. The raast instant payment system is designed to simplify this experience by supporting immediate transfers between participating financial institutions.
Some of the main benefits include:
Simple Transfers
A mobile number can be linked to a bank account as a Raast ID, making it easier to receive money without sharing a lengthy IBAN.
Instant Fund Availability
Payments are transferred directly into the recipient’s linked account, helping users complete time-sensitive transactions more conveniently.
Available Around the Clock
Digital payments can be useful outside traditional banking hours. The service operates around the clock, while JS Bank also offers 24/7 helpdesk support for customers.
No Minimum Transaction Size
There is no minimum transaction amount defined for the service, allowing customers to use it for different types of transfers.
How to Register for JS Raast
JS Bank customers can link their account to a Raast ID through digital banking channels.
Through JS Mobile
Follow these steps:
- Log on to JS Mobile.
- Select Raast.
- Tap Raast ID Management.
- Register and link your JSBL account to your Raast ID.
Once your mobile number is linked, it can be used as an identifier for receiving payments.
Customers can also manage their linked ID through the same section, including linking or delinking their Raast ID where applicable.
Through JS Internet Banking
Customers can also register through JS Internet Banking:
- Log on to JS Internet Banking.
- Select Raast.
- Open Raast ID Management.
- Register to link your account to your Raast ID.
The platform also provides options to relink or delink an alias when required.
How to Make a Raast Payment
Making a Raast payment through JS Bank’s digital channels is straightforward.
To transfer funds:
- Select the Raast Payments option.
- Enter the recipient’s Raast ID or IBAN.
- Enter the transfer amount.
- Select the purpose of the transaction.
- Review the information and proceed.
The recipient’s details should always be checked carefully before confirming a transaction.
Customers can also visit a JS Bank branch for over-the-counter transfers by submitting a Funds Transfer Application Form and providing the required beneficiary details, transaction amount and purpose.
Why Security Matters in Digital Payments
As digital transactions become more common, security remains an important consideration for customers. The Raast Pakistan ecosystem is designed with secure payment mechanisms that require transactions to be authorised by the payer and include enhanced data protection and fraud detection measures.
JS Bank describes its Raast service as reliable and secure, with transaction authorisation and enhanced protection measures supporting safer digital payments.
Customers should still follow good digital banking practices, including:
- Never sharing passwords or PINs with anyone.
- Verifying recipient details before confirming a transfer.
- Avoiding suspicious links or messages claiming to represent a bank.
- Using official banking applications and channels.
- Contacting the bank directly if suspicious activity is noticed.
Digital security is a shared responsibility, and careful banking habits can help customers protect their accounts and transactions.
How Raast Supports a More Digital Pakistan
The expansion of instant payments is contributing to Pakistan’s broader transition towards a cashless and digitally enabled economy. Beyond individual transfers, digital payment infrastructure can support businesses, merchants and government organisations.
The State Bank of Pakistan reported that government and corporate users processed more than 9 million bulk transactions worth PKR 2.6 trillion through the system in Q2 FY26.
JS Bank has also continued supporting the expansion of digital payment use cases. In 2026, the bank partnered with KuickPay to enable Raast QR-based insurance premium payments for State Life Insurance Corporation customers, supporting faster and cashless payment options.
As digital infrastructure continues to expand, instant payments can help make financial transactions more accessible, efficient and convenient for a wider range of users.
Final Thoughts
Digital payments are changing how people send, receive and manage money in Pakistan. With instant transfers, mobile-number-based identifiers and round-the-clock availability, Raast provides a convenient alternative to many traditional payment methods.
For customers looking to manage local transfers through digital and branch banking channels, JS Bank offers JS Raast through JS Mobile, JS Internet Banking and over-the-counter services. By understanding how the service works and following safe digital banking practices, customers can make everyday payments faster and more convenient.
Frequently Asked Questions
1. What is Raast?
Raast is Pakistan’s instant payment system that enables users to send and receive money digitally through participating financial institutions.
2. Is Raast free to use?
Raast-related services through JS Bank are available without charges, according to the applicable service terms.
3. How do I register for JS Raast?
You can register through JS Mobile or JS Internet Banking by selecting Raast, opening Raast ID Management and linking your JSBL account to your Raast ID.
4. What is a Raast ID?
A Raast ID is an identifier, such as your registered mobile phone number, that can be linked to your bank account to make receiving payments simpler.
5. How do I send money through Raast?
Select the Raast Payments option, enter the recipient’s Raast ID or IBAN, enter the amount, select the purpose of the transfer and proceed after reviewing the details.
6. Can I use Raast at any time?
Yes, Raast is available around the clock, allowing customers to make instant payments 24/7.
7. Is there a minimum transaction amount for Raast?
No. There is no minimum transaction size defined for Raast payments.
8. Is Raast secure?
Raast uses secure payment mechanisms that require transactions to be authorised by the payer and include enhanced data protection and fraud detection measures.