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Raast (Urdu: راست; lit. ' direct ') is an instant payment system developed by the State Bank of Pakistan (SBP). [1] It operates using the state-of-the-art Pakistan Faster Payment System (PFPS), facilitating real-time settlement of small-value retail payments, including inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. [2]
PayPak (Urdu: پے پاک) is a domestic payment service available in Pakistan. [1] It was launched in 2016 by 1Link to save inter-change costs of International Payment Schemes. PayPak cards can only be used on ATMs, POS terminals, and online transactions within Pakistan. [2]
There are varied types of electronic payment methods such as online credit card transactions, e-wallets, e-cash and wireless payment system. [5] Credit cards constitute a popular method of online payment but can be expensive for the merchant to accept because of transaction fees primarily. Debit cards constitute an excellent alternative with ...
Pakistan Post (Urdu: پاکستان ڈاک) is a state enterprise which functions as Pakistan's primary and largest postal operator. [ 1 ] 49,502 employees through a vehicle fleet of 5,000 operate traditional "to the door" service from more than 13,419 post offices across the country, servicing over 50 million people.
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.
In 2014 Directorate was merged with Pakistan Computer Bureau to form National Information Technology Board. [2] Some of the projects completed by the directorate include: Online Processing of Hajj Applications and Status online Tracking for arrangements for Hujjaj; Automation of Prime Minister Secretariat, Islamabad; Online Nadra Card ...
The only evidence of a British postal service before 1815 is a "Colombo Post Free" handstamp used on a soldier's letter in 1809, when British Royal Artillery troops were engaged to subdue Sri Vikrama Rajasinha, the king of Kandy (1798–1815), whose inland territory had never been under the influence of the Dutch.
The picture shows an EasyPaisa debit card powered by UnionPay. The card number and name are usually at the front. Easypaisa was founded in 2009 by Telenor Microfinance Bank as a money transfer service through Unstructured Supplementary Service Data (USSD) channels. [3]