CDC, EClear add Raast P2M and Dynamic QR for brokers
EClear will become the first stock-market institution to use Raast Person-to-Merchant Request to Pay Later and Dynamic QR under CDC’s Raast Aggregator framework.
CDC and EClear Services are expanding digital payment and investor verification tools through CDC’s Raast Aggregator framework.
EClear will be the first stock-market institution to adopt Raast Person-to-Merchant Request to Pay Later and Dynamic QR Code payments.
CDC had already brought Raast Person-to-Person transfers, Static QR codes, and IBAN-CNIC validation into the capital market.
The new tools may help automate debit and margin calls for trading-only brokers linked to EClear.
CDC CEO Badiuddin Akber said CDC first linked to the State Bank’s Raast system and used bulk payments for eDividend in 2021.