Digital Payment | MCQs

Explanation

Electronic banking is synonymous with online banking, internet banking, web banking, cyberbanking, and e-banking.

Explanation

The then prime Minister Imran Khan 15-02-2022 launched the country’s first instant person-to-person payment system ‘Raast’ for low-cost digital retail payments and money transfers.

while

on 11th January 2021, PM Imran Khan unveiled RAAST's first instant payment system to increase Financial inclusion and eliminate corruption

NA23-7-2023

Explanation

Prime Minister Imran Khan on 15-02-2022 launched the country’s first instant person to person payment system ‘Raast’ for low-cost digital retail payments and money transfers.

Explanation

It has been developed by the State Bank of Pakistan (SBP) in collaboration with Bill and Melinda Gates Foundation and Karandaaz, Pakistan.

Explanation

Raast is part of Prime Minister Khan’s Digital Pakistan vision to include the poor segments of society in formal economy.

It has been developed by the State Bank of Pakistan (SBP) in collaboration with Bill and Melinda Gates Foundation and Karandaaz, Pakistan.

PM Imran khan on 11th January 2021 unveiled RAAST first instant payment system to increase financial inclusion & eliminate corruption