RAAST QR implemented for university fee payment

The Islamia University of Bahawalpur (IUB) has implemented State Bank of Pakistan's RAAST dynamic QR-based digital instant fee payment system via Bank Alfalah Islamic

BAHAWALPUR, (APP - UrduPoint / Pakistan Point News - 15th Jul, 2026) The Islamia University of Bahawalpur (IUB) has implemented State Bank of Pakistan's RAAST dynamic QR-based digital instant fee payment system via Bank Alfalah Islamic.

According to an official press release issued here, “The implementation is part of the Prime Minister's National Initiative for transition towards a cashless Pakistan, converting all payments and receipts to digital mode,”it said, adding that this implementation would allow students and parents to make fee payments from any banking application or counter using a unique RAAST Dynamic QR code generated for every transaction, ensuring enhanced security, two-step authentication, and real-time payment verification.

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It further said that the initiative would provide fast and secure transactions, reduce reliance on cash, improve financial inclusion, and enable seamless interoperability among banks, microfinance institutions, fintechs, and digital wallets through Pakistan's RAAST payment infrastructure. Vice Chancellor, IUB, Prof. Dr. Muhammad Kamran welcomed the initiative, stating that it marks another important milestone in IUB's digital transformation journey. He added that the University is proud to introduce a fully integrated RAAST Dynamic QR-Based Digital Instant Fee Payment System, reinforcing its commitment to innovation, transparency, and the vision of becoming a Smart Campus.