Capital market: CDC, EClear expand Raast digital payment services

The Central Depository Company of Pakistan (CDC) and EClear Services are adding payment and investor-verification tools to their capital-market partnership, Business Recorder reported on October 26. EClear will be the first institution in Pakistan’s stock market to use Raast Request to Pay Later and Dynamic QR Code options through CDC’s Raast Aggregator framework.

The new services build on CDC’s existing Raast transfers and Static QR payments, alongside its IBAN-CNIC validation facility. They are intended to give brokers more ways to collect funds, including automating debit and margin calls for trading-only brokers connected to EClear, while reducing manual handling and streamlining investor payments.