PayFast, Pakistan’s leading and commercially licensed payment service provider (PSP), has achieved another milestone by becoming the first payment gateway to go live with Raast Person-to-Merchant (P2M) services. Through Raast, PayFast’s partner businesses can accept payments from their customers through new, faster, and cost-effective payment modes, offering significant benefits for them and their customers. P2M, the next phase of the initiative, allows consumers to make payments directly to merchants using their Raast ID (IBAN). PayFast, through Raast P2M, offers:E-Commerce: Integration of Raast as a payment method alongside existing methods such as credit and debit cards, digital wallets, and bank accounts on PayFast Checkout. “PayFast has achieved yet another significant milestone with Raast P2M.

Source: Pakistan Today May 17, 2024 22:14 UTC