Allied Bank Limited (ABL) has achieved a major milestone by becoming the first bank in Pakistan to launch RAAST-enabled Cash Deposit Machines (CDMs). This new system allows customers to deposit money instantly using Pakistan’s fast digital payment network, RAAST.
With this upgrade, both ABL customers and non-ABL customers can now deposit cash quickly, safely, and with greater convenience. The Instant Cash Deposit Facility works through the RAAST platform, which means the money is transferred immediately and securely into the selected account.
This innovation is expected to improve the banking experience for millions of people. Instead of visiting branches or waiting in long queues, users can deposit money through these advanced machines at any time. The service is especially useful for small business owners, freelancers, and individuals who need fast and reliable cash deposit options.
Banking experts say that Allied Bank’s step reflects the growing shift toward digital banking and financial technology in Pakistan. Over the past few years, RAAST has become a trusted platform for instant transfers, bill payments, and digital transactions. Adding cash deposit facilities to this system is another strong move toward a more connected financial ecosystem.
ABL’s initiative also supports the State Bank of Pakistan’s vision to promote digital payments and reduce the country’s reliance on cash-based transactions. As more RAAST-enabled CDMs are installed across the country, customers will enjoy faster services and improved access to modern banking tools.
With this launch, Allied Bank has set a new benchmark for innovation in Pakistan’s banking sector, leading the way toward a more efficient, digital, and customer-friendly future.
