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Raast (Urdu: راست; lit. ' direct ') is an instant payment system developed by the State Bank of Pakistan (SBP). [1] It operates using the state-of-the-art Pakistan Faster Payment System (PFPS), facilitating real-time settlement of small-value retail payments, including inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. [2]
Before independence on 14 August 1947, during the British colonial era, the Reserve Bank of India was the central bank for the then undivided subcontinent. On 30 December 1948 the British Government's commission distributed the Reserve Bank of India's reserves between Pakistan and India—30 percent (750 M gold) for Pakistan and 70 percent for India.
Sekolah Berasrama Penuh (SBP) or Fully Residential School is a school system established in Malaysia to nurture outstanding students to excel in academics and extracurricular activities. Since 2008, SBPs are directly administered by Fully Residential and Excellent Schools Management Division, Ministry of Education .
The New Payments Platform (NPP), operated by New Payments Platform Australia Ltd (NPPA) [1] is an industry-wide payments platform for Australia. It became accessible to the general public on 13 February 2018 [ 2 ] with the introduction of PayID, an addressing capability, and Osko , [ 3 ] the first NPP overlay service, operated by BPAY .
Year 2007: 1LINK launched Utility Bill Payment Service (UBPS) 1LINK was converted to a Private Limited Company under section 49 of Companies Act 2017 on July 5, 2018. 1LINK is owned by the consortium of eleven major banks of the country and operates through a chief executive officer .
The report included nine recommendations, one of which was that "Delivery versus payment (DvP) should be the method for settling all securities transactions with systems in place by 1992." In December 1990, the Committee on Payment and Settlement Systems (CPSS), consisting of representatives from the major central banks, initiated further study ...
1 January 2009 2 years, 31 days 15 Salim Raza: 1 February 2009 2 June 2010 1 year, 121 days 16 Shahid Hafeez Kardar: 8 September 2010 13 July 2011 309 days 17 Yaseen Anwar: 19 October 2011 31 January 2014 2 years, 104 days 18 Ashraf Mahmood Wathra: 29 April 2014 28 April 2017 3 years 19 Tariq Bajwa [2] 7 July 2017 3 May 2019 1 year 10 month 21 ...
Faster Payment System (FPS; Chinese: 快速支付系統, more commonly known as 轉數快) is a real-time gross settlement [1] payment system in Hong Kong that connects traditional banks and electronic payment and digital wallet operators. [2]