With the efforts of our dynamic team, Bank of Khyber (BOK) is now live with SBP RAAST PAYMENT SYSTEM to make retail payments faster and convenient to process individual, business, and government entities’ payments digitally, in a fast, reliable, and secure manner.
Aspire is a module of rendezvous which enables banks to provide transaction processing and transaction routing functionality. Further, it is an “electronic funds transfer” solution that will enable banks to send and receive transactions in an efficient and effective manner to meet the needs of integration with the state bank’s micro payment gateway.
Aspire has inbuilt support for executing use cases such as disbursement of government salaries, pensions, tax revenue collections, p2p, p2g, p2m, g2p, g2m, online merchant payments, and utility bill payments, etc.
Aspire features & capabilities:
- Aspire rendezvous is a PA-DSS certified product
- Easy handling incoming & outgoing transactions
- Keep all the data in a managed and proper manner
- Provide end to end electronic funds transfers transactions
Along with all, aspire supports every transaction in a secure manner.
Raast (instant payment system)
Raast is Pakistan’s first “instant payment system” spearheaded by the state bank of Pakistan and payments gateway, Karandaaz. Raast will enable end-to-end digital payments among individuals, businesses, and government entities instantaneously.
The state-of-the-art Pakistan’s faster payment system will be used to settle small-value retail payments in real-time while at the same time provide low cost and universal access to all players in the financial industry including banks and FinTechs.
- Instantaneous payments
- Low-to-no transaction costs for end-users
- Customer-centric innovative products/services
Reliability and enhanced security