Payment methods in Pakistan

• Raast
• JazzCash
• Easypaisa

The main payment methods in Pakistan

Online payment in Pakistan runs through a few channels. Each has its own speed, limits and charges, and these are set by your bank or wallet provider within State Bank of Pakistan (SBP) rules.

IBAN (International Bank Account Number) is the standard account identifier printed in your bank app or cheque book. Most transfers ask for it.

Bank transfer in Pakistan and IBFT

A bank transfer in Pakistan within the same bank is normally the simplest option. For a transfer to another bank, the app or internet banking usually offers IBFT. The transfer goes through the national interbank switch, which connects banks, and the money normally arrives quickly.

Points to check in your own bank app:

• the per-transaction and daily limit for IBFT
• whether a fee applies and how much
• whether a new beneficiary needs a cooling-off period or extra confirmation
• the cut-off rules if the transfer is delayed

Raast instant payments

Raast is run by the SBP. You can link your mobile number to your bank account as a Raast ID and receive money through it without sharing your IBAN. Payments between banks and wallets that support Raast normally settle in seconds.

For details on linking, limits and how Raast differs from IBFT, see Raast payments.

Easypaisa, JazzCash and other mobile wallets

Easypaisa and JazzCash are the best-known mobile wallets. A wallet works like a basic account tied to your mobile number and CNIC. You can:

• receive and send money to other wallets and bank accounts
• pay bills and merchants
• cash in and cash out at agents

Wallet limits depend on the account level. A wallet opened with minimal checks has lower limits. A fully verified wallet has higher limits. The provider sets the exact levels within SBP rules, so check them in the wallet app.

Where limits come from

There is no single limit for "online payment Pakistan". Limits come from several layers:

1. SBP rules for each channel and account type.
2. Your bank or wallet policy, which can be stricter than the SBP minimum.
3. Your account level, such as basic, standard or verified.
4. The channel: app, internet banking, ATM or branch can each have different limits.

Always read the current limits in your app or ask the bank. Do not rely on figures copied from forums or old screenshots.

What brokers typically show on payment pages

Online brokers usually publish a payment page for each method. Such a page typically lists:

• the method name and the currencies it accepts
• the minimum and maximum amount per transaction
• the stated processing time
• any fee charged by the broker
• whether withdrawals must go back to the same method used for the deposit

These pages describe the broker's side only. Your bank or wallet can apply its own fees, limits and checks. For how this works in general, see Deposits and withdrawals. If you hold an Exness account, the payment options that apply to you are the ones shown in your Exness personal area.

What Pakistani law and regulators say

Traders in Pakistan should know the official position before they move any money abroad:

• On remittances: per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)).
• On residents' purchases: per the SBP, the purchase of offshore forex/margin/CFD products by Pakistani residents violates section 4(1) of FERA 1947.
• On platform status: per the SECP, offshore forex/CFD platforms operate without regulatory approval in Pakistan.
• On investor protection: per the SECP, offshore platforms have no Pakistani licence or oversight and offer no legal protection or recourse.

This applies whatever payment channel is used: bank transfer, IBFT, Raast, wallet or card. Read the full picture on Law and regulators and Regulation and Safety.

Leveraged forex and CFD trading can lose money fast, including the full amount deposited. Learn the risk side first on Risk management.

Practical safety checks

• Send money only to accounts in the name you expect. Check the beneficiary title that the app shows before you confirm.
• Never share your OTP, PIN or wallet MPIN with anyone, including callers claiming to be from a bank or broker.
• Be careful with "agents" who offer to deposit or withdraw for you through personal wallets. SECP warnings by press release naming platforms (Quotex 09.04.2025; IBKR look-alikes, IGIL Securities, BMA Capital No.108 etc. 22.05.2025; Hillhouse Capital, S-169 Wharton 13.01.2026), none of which names Exness.
• Keep receipts and transaction IDs for every transfer.

For tax and filer status questions, see Tax on foreign income and Filer status (ATL). For an overview of related topics, see Payments, tax, Islamic banking.

Frequently asked questions

What is the difference between IBFT and Raast?

Both move money between banks. IBFT runs over the national interbank switch and usually uses an IBAN or account number. Raast is the SBP's own instant system and can use your mobile number as a Raast ID. Fees and limits can differ, so check your bank app.

Are Easypaisa and JazzCash limits the same for everyone?

No. Limits depend on your wallet level and verification. A fully verified wallet normally allows more than a basic one. Check the current levels in the wallet app.

Can I use a bank transfer in Pakistan to fund an offshore forex account?

Per the SBP, sending foreign exchange to overseas forex, margin or CFD platforms is not allowed through any payment channel. Read Law and regulators before you take any step.

Why did my bank block or reverse a transfer?

Banks can hold, refuse or reverse transfers under their own policy and SBP rules, for example for limit breaches, unusual activity or restricted beneficiaries. Contact your bank through its official helpline.

Where do I find the exact fee for a transfer?

Your bank or wallet shows the fee before you confirm the transaction. Many banks also publish a schedule of charges. Check it there.