Allocation of Subsidy for Raast Person-to-Merchant (P2M) QR Payments

Annexure-A – Process for Disbursement of Subsidy 1 Scope and Eligibility (a) Applicable to all Banks, MFBs, EMIs, PSOs/PSPs providing Raast P2M QR acceptance services (Merchant Service Providers (MSPs) and Customer Service Providers (CSPs)). (b)All Raast P2M QR based transactions processed between 1 st September 2025 and 30 th June 2026. (c)Subsidy: 0.5% of transaction value or PKR 100 per transaction, whichever is lower, to be shared equally between MSP and CSP (d)Only successful transactions posted in Raast system shall be eligible for subsidy. 2 Payment of Subsidies for Raast P2M QR Transactions (a) Regulated Entities (REs) will submit quarterly subsidy claims based on eligible Raast P2M QR transactions, duly verified by their internal audit function, to Raast Payments Pakistan (RPP) within five (05) working days from the close of the quarter, at Raast.Itoc@sbp.org.pk, on prescribed template placed at Annexure A(1). (b) The RPP shall verify these claims from the data available in the Raast system. In case of differences (if any), the RPP shall share the same with the concerned RE within 5 working days. (c) The REs shall reconcile the differences with RPP and submit the final reconciled subsidy claims to RPP within 5 working days. Non-receipt of the response within the stipulated time will be considered as the deemed consent of the RE with the RPP calculated subsidy amount. (d) The SBP inspection teams during their regular on-site inspection of the RE may verify the claim on sample basis. (e) The subsidy claim for the month of September 2025 shall be paid along with the subsidy claims for the quarter ending December 31, 2025. (f) The subsidy payments to the REs will be released, after the sanction/release of the funds by the Finance Division, Government of Pakistan.

Annexure-A (1) – Quarterly Subsidy Claim Form – Raast P2M QR Transactions Quarter Period: _______________________ Name of Regulated Entity: ¬¬__________________ Claim Type: (MSP/CSP) – To be submitted separately by MSP and CSP Summary of Claim Item Transactions with the value equal to or less than PKR 20,000 Transactions with the value greater than PKR 20,000 Total Number of Eligible Raast P2M QR Transactions Total Amount of Eligible Raast P2M QR Transactions Computed Subsidy Total MDR charged from merchants during the quarter We, hereby certify on behalf of __________________________ (RE Name) that:

1. The claim prepared is accurate and complete to the best of our knowledge. 2. Only eligible Raast P2M QR transactions have been included. 3. All supporting records related with the subsidy claim are available and will be furnished
   when advised by RPP.
   _______________________ _______________________ Group Head of Raast Operations Group Head of Compliance Name: Name: