Mobilink Microfinance Bank & Raast

Written & reviewed by Dildar Hussain — 10+ years in Pakistani banking, BS Banking & Finance (NUML University) · Last Verified: August 26, 2026

RAAST is Pakistan's instant payment system, developed and operated by the State Bank of Pakistan — not an MMBL product, but a shared national rail that MMBL connects to through the DOST app, supporting instant transfers by mobile number or IBAN at no cost. This page covers what RAAST does specifically on MMBL's platform, sourced from MMBL's own Raast FAQ page.

What Is RAAST?

RAAST lets individuals make fast, low-cost transfers using three methods: a RAAST ID (your registered mobile number), your IBAN or account number, or QR codes (static or dynamic). It was developed by the State Bank of Pakistan as the country's instant payment system, and MMBL's DOST app is one of the banking channels connected to it.

Registering Your RAAST ID

If you're updating your registered phone number and the app won't let you, it's because your old number is still linked to a RAAST ID — MMBL requires you to de-link it first before changing your contact details.

Sending Money via Raast

MMBL's DOST app supports two ways to send a Raast transfer:

QR Code Payments

QR payments let you send or receive money by scanning a code instead of entering account details. MMBL's DOST app supports two types: a static QR, auto-generated once and reused to receive money repeatedly (Download or Share it from QR → Receive Money), and a dynamic QR, generated for a specific amount with an expiry (QR → Receive Money → Generate QR). To pay using a QR code, go to QR → Send Money, choose Scan QR or Upload QR, confirm the amount, and enter your FPIN.

Transaction History & Favorites

Past Raast transfers appear alongside other transactions under History on the app's bottom bar, and any past transaction can be repeated with a single tap. To save a frequent Raast contact, you can add them as a favorite either from the Favorites section or directly from the receipt screen after a transfer — enter their RAAST ID, verify the details, add a nickname, and confirm with an OTP. Saved favorites appear under Home → Favorites → RAAST tab, or from the Favorites tab inside Send Money.

If You're a Merchant, Not Just a Customer

Everything above covers person-to-person Raast transfers. MMBL separately offers Raast P2M (Person-to-Merchant) QR payment collection services for businesses that want to accept customer payments — a different product from personal DOST transfers, requiring a separate merchant agreement with MMBL rather than a standard personal account. Zero merchant discount rate (0% MDR) on Raast QR transactions is standard across the whole Raast scheme per SBP policy, not an MMBL-specific promotion. If you're a business owner looking to accept payments rather than send them, ask MMBL specifically about merchant onboarding, which is a distinct process from personal account setup.

Good For

• Registering or moving your RAAST ID between MMBL accounts
• Understanding both Raast transfer methods — mobile number vs. IBAN
• Learning how MMBL's QR payments work, static vs. dynamic
• Fixing the "can't update phone number" error tied to an active RAAST ID

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For independent verification, see State Bank of Pakistan (Raast's operator), MMBL's Official Raast Page.