Chase Securities Pakistan partners with CDC of Pakistan
27 August 2025 Pakistan
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Chase Securities Pakistan has partnered with Central Depository Company (CDC) of Pakistan to introduce real-time fund transfers through their RAAST aggregator module.
RAAST is Pakistan鈥檚 first instant payment system enabling end-to-end digital payments among individuals and businesses instantly.
With the new system, each investor is given a unique RAAST investment identification in an IBAN format that is linked directly to their CDC sub-account.
Using their number, clients can use their online banking portal to transfer funds whenever desired via CDC鈥檚 secure payment infrastructure.
According to Chase Securities, this allows faster settlements, quicker access to trading opportunities, and greater operational efficiency.
Syed Abbas Haider, chief financial officer at Chase Securities Pakistan ,states via LinkedIn that the partnership is 鈥渁 major step forward in enhancing customer experience with faster, seamless settlements鈥�.
He further details that the milestone reflects the firm's continued commitment to the future of digital finance in Pakistan.
RAAST is Pakistan鈥檚 first instant payment system enabling end-to-end digital payments among individuals and businesses instantly.
With the new system, each investor is given a unique RAAST investment identification in an IBAN format that is linked directly to their CDC sub-account.
Using their number, clients can use their online banking portal to transfer funds whenever desired via CDC鈥檚 secure payment infrastructure.
According to Chase Securities, this allows faster settlements, quicker access to trading opportunities, and greater operational efficiency.
Syed Abbas Haider, chief financial officer at Chase Securities Pakistan ,states via LinkedIn that the partnership is 鈥渁 major step forward in enhancing customer experience with faster, seamless settlements鈥�.
He further details that the milestone reflects the firm's continued commitment to the future of digital finance in Pakistan.
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