Karachi: Dubai Islamic Bank, ARY Services & MAK Global have partnered and signed a tripartite agreement to launch RAAST P2M (Payment to Merchants) services in Pakistan. The signing ceremony was held at the Dubai Islamic Bank Head Office in Karachi. The agreement was signed by Wamiq Rizvi, Chief Operating Officer of Dubai Islamic Bank, Haider Rizvi of MAK Global in the presence of Haji Muhammad Iqbal, Chairman of ARY Group and senior executives of their respective organizations.
This collaboration will enable Digital payments for all merchants and businesses in Pakistan. The game-changing initiative is part of the State Bank of Pakistan (SBP), which is working to improve Financial Inclusion in the country by offering merchants an instant payment system at a nominal fee.
