BankIslami’s Digital Platform aik Launches Pakistan’s First Shariah-Compliant Raast QR Payment Gateway
Lahore: Pakistan’s first digital Islamic banking platform, aik by BankIslami, has launched aikPay — Pakistan’s first Shariah-compliant Raast-enabled QR Payment Gateway. Built on the State Bank of Pakistan’s Raast infrastructure, aikPay enables real-time online payments through dynamic QR codes, allowing customers to pay instantly from their bank accounts and enabling merchants to receive payments securely through a smooth checkout experience. The launch follows an engagement session led by aik with representatives from the State Bank of Pakistan and Raast. The session was attended by Muhammad Imaduddin, Director of Digital Innovations & Settlement at SBP, and Ahson bin Saeed, CEO of Raast Payments Pakistan, along with Sohail Sikandar, Chief Operations Officer of BankIslami, Ashfaque Ahmed, Chief Officer of aik, and other team members. Ashfaque Ahmed, Chief Officer of aik, commented: “The world is shifting rapidly with technology, and digital p...