Aik by BankIslami Launches Pakistan’s First Shariah Compliant Raast QR Payment Gateway
Introduction to a New Digital Payment Milestone
Aik by BankIslami has introduced aikPay, Pakistan’s first Shariah compliant Raast QR payment gateway, marking a major step forward in the country’s digital financial ecosystem. The launch reflects the growing demand for fast, secure, and faith-based digital payment solutions and aligns with Pakistan’s broader push toward a cashless economy.
Built on the Raast Payment Infrastructure
The aikPay gateway is built on the State Bank of Pakistan’s Raast instant payment system. It enables real-time, account-to-account payments through dynamic QR codes, allowing customers to complete online transactions instantly without using debit or credit cards. The system ensures secure, seamless, and transparent payments across supported banking applications.
Convenience for Customers
With aikPay, customers can make online payments directly from their bank accounts using any Raast-enabled mobile banking app. The card-free experience simplifies the checkout process, reduces dependency on physical payment instruments, and enhances accessibility for users who prefer quick and secure digital transactions.
Benefits for Merchants and Businesses
Merchants stand to gain significantly from the new payment gateway. AikPay offers instant settlement, real-time payment confirmation, and nationwide reach, making it especially beneficial for small and medium enterprises, e-commerce platforms, institutions, and service providers. Competitive transaction costs and improved cash flow are expected to encourage wider adoption among businesses.
Commitment to Shariah Compliant Digital Banking
BankIslami officials have emphasized that aikPay reflects the institution’s commitment to providing Riba-free digital banking solutions. By combining modern technology with Islamic financial principles, aik aims to offer inclusive and ethical financial services that meet the needs of Pakistan’s diverse population.
Supporting Financial Inclusion and Digital Growth
The launch of aikPay is viewed as an important contribution to financial inclusion in Pakistan. By simplifying digital payments and enabling instant transfers, the platform supports the national vision of expanding digital adoption, reducing cash dependency, and strengthening the country’s financial infrastructure.
Conclusion
AikPay represents a significant advancement in Pakistan’s digital payments landscape. As the first Shariah compliant Raast QR payment gateway, it bridges innovation with Islamic banking values, offering a secure, efficient, and inclusive solution for both consumers and businesses. The initiative signals a strong step toward a more connected and digitally empowered Pakistan.
