Status
Operating at scale
Data Exchange System Name
Data Exchange System
Data Exchange System link
If a RTPS exists
Yes
Vision: PSP interoperability
Yes
Digital ID System Name
Smart National Identity Card (SNIC)
ID System link
Name (Payment)
Raast
URL (Payment)
Region
Asia
# of participants
2021- 30 banks
AML law
Unknown
Bank participation in network
Yes
Centralised fraud management system?
Unknown
Consumer protection law
Yes
Governor
Central bankBanking association
Instant settlement system/ platform
Yes
Non-bank participation in network
Yes
Notes
Offline transactions
Unknown
Operator
Central bankBanking association
QR-based transactions
Unknown
Reporting forum/ website/ form
Unknown
Rules: data handling rules for PSPs, users
Central bank/ Financial regulator
Rules: data leak notifications
Unknown
Rules: participation conditions
Unknown
Rules: recourse mechanism
Unknown
Rules: transaction recall
Unknown
Settlement systems
RTGS
Transaction cost
Unknown
Transaction types
P2P
P2M
Value (Year-USD)
2023- 3.09 B
Volume (Year- Volume)
Unknown