Dubai Islamic Bank Signs Tripartite MOU for RAAST Payment to Merchant (P2M)

Pakistan (Muhammad Yasir)

Dubai Islamic Bank, ARY Services & MAK Global have collaborated and signed a tri-partite MOU to launch RAAST P2M (Payment to Merchants) services in Pakistan. Signing Ceremony was held at Dubai Islamic Bank Head Office in Karachi. The MOU was signed by Wamiq Rizvi Chief Operating Officer, Dubai Islamic Bank, Haji Muhammad Iqbal, Chairman ARY Group and Haider Rizvi CEO, MAK Global in the presence of Senior Executives from the respective organizations.

This collaboration will revolutionize Digital Payment acceptance for all type of merchants and businesses in Pakistan. The game changing initiative is part of State Bank of Pakistan (SBP) working to boost Financial Inclusion in the country while giving merchants an offering of instant payment system at a very nominal cost.