Central Depository Company of Pakistan Limited (CDC) and EClear Services Limited are expanding their collaboration to enhance digital payment and investor verification services through CDC’s Raast Aggregator framework. This builds on the successful implementation of Raast Person-to-Person (P2P) and Static QR Code services, allowing capital market customers to transfer funds seamlessly for trading and investment.

CDC is now the first institution in Pakistan’s capital market to offer Raast Person-to-Merchant (P2M) payment solutions and IBAN-CNIC validation. EClear Services will also become the first to adopt Raast P2M Request to Pay Later (RTPL) and Dynamic QR Code use cases, streamlining payment collection and enhancing broker operations.

Mr. Badiuddin Akber, CEO of CDC, emphasized the company’s commitment to digital innovation, noting that CDC was the first to connect with the State Bank of Pakistan’s Raast system. This expanded collaboration aims to create a more efficient and digitally enabled investment ecosystem in Pakistan.