Faisalabad Electric Supply Company (FESCO) has introduced a new electricity bill payment facility through the RAAST (Rapid Account-Based Settlement System), enabling consumers to pay their bills instantly, securely and without any additional charges via mobile banking applications.
FESCO launches RAAST-powered digital bill payment system
FAISALABAD, Jul 14 (APP): Faisalabad Electric Supply Company (FESCO) has introduced a new electricity bill payment facility through the RAAST (Rapid Account-Based Settlement System), enabling consumers to pay their bills instantly, securely and without any additional charges via mobile banking applications.
FESCO spokesman Muhammad Saeed Raza said that this initiative has been launched in line with the Government of Pakistan’s cashless economy policy and the directives of Ministry of Energy (Power Division) to encourage digital financial transactions and provide consumers with a faster and more secure payment mechanism.
He said that all FESCO consumers can now use the RAAST payment option available in their respective banks’ mobile banking applications to scan the Quick Response (QR) code printed on their electricity bills and complete payments instantly. This facility does not involve any service or convenience charges, making it a cost-effective alternative to conventional payment methods, he added.
He said that payments made through RAAST would be reflected immediately in FESCO’s billing system, enabling the company’s concerned officers to verify transactions online in real time. The new mechanism is expected to improve transparency, speed up payment processing and enhance customer service, he added.
He further said that under the directions of Ministry of Energy (Power Division), the electricity distribution companies are implementing the RAAST platform in phases for Person-to-Government (P2G), Government-to-Person (G2P) and Government-to-Government (G2G) financial transactions.
He said that FESCO has introduced QR code and RAAST-based payment options not only for electricity bills but also for demand notices, detection bills and other payments, providing consumers with a unified and secure digital payment platform.
He said that FESCO officers were also directed to create public awareness about the new system and actively promote digital payment methods to support the government’s vision of a cashless economy.
He urged the consumers to take advantage of modern digital facility and give preference to RAAST for electricity bill payments. This initiative would make payment services more efficient, transparent and user-friendly, he added.
