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

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. The signing Ceremony was held at the Dubai Islamic Bank Head Office in Karachi. The MOU was signed by Wamiq Rizvi, Chief Operating Officer of Dubai Islamic Bank, Haji Muhammad Iqbal, Chairman of ARY Group and Haider Rizvi, CEO of MAK Global, in the presence of Senior Executives from the respective organizations.

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


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