Benazir Income Support Program has decided on an appropriate solution for the payment deductions and insults that Beneficiaries face while traveling to the campsite for their 10500 payment; thus, BISP and Jazzcash have joined forces for advanced payment in order to speed up the process of the 8171 cash transfer into Beneficiaries’ accounts directly.
BISP And JazzCash Join Forces For Advanced Payment
JazzCash, Pakistan’s largest fintech company, is pleased to announce that it has been chosen as one of the few prestigious financial institutions to collaborate with the Benazir Income Support Programme (BISP) to distribute funds aimed at empowering marginalized communities.
1.3 Million Beneficiaries Will Receive Payment Through JazzCash
| Key Points | Details |
|---|---|
| Partnership Purpose | Advanced payment solutions to prevent deductions and improve convenience for BISP beneficiaries |
| Beneficiary Coverage | Over 1.3 million beneficiaries will receive payments through JazzCash |
| Service Features | Biometrically enabled services for cash withdrawals |
| Geographic Coverage | Multiple regions including Sindh, Balochistan, Punjab, and Khyber Pakhtunkhwa |
The Benazir Income Support Program has collaborated with six more institutions and extended its payment mechanism. As a result, each bank now retains a share of the recipients’ payments. JazzCash has also agreed to provide payments to 13 lakh beneficiaries. This approach will pay out to 1.3 million recipients in total.
As part of this cooperation, JazzCash will leverage its broad nationwide network of agents and businesses to transfer funds to more than 1.3 million beneficiaries.
Contract Of JazzCash And EasyPaisa
The most well-known social protection organization in Pakistan, BISP, provides financial assistance to around 9 million women. Every lady would get quarterly Kafalat 10,500 payments for three years. As part of the three-year agreement, JazzCash will provide biometrically enabled services to allow cash withdrawals.
- Sindh
- Balochistan
- Punjab
- Khyber Pakhtunkhwa
- Sanghar
- Kharan
- Rahim Yar Khan
- Malakand
- Nawabshah
- Chagai
- Mirpurkhas
- Tharparkar
- Matiari
- Umerkot
- Sujawal
- Tando Allahyar
- Tando Mohammad Khan
- Hyderabad
Conclusion
The collaboration between BISP and JazzCash represents a big step forward in payment options for beneficiaries. Over 1.3 million recipients will receive cash in a more efficient and safe manner thanks to JazzCash’s broad network. This effort not only speeds up the payment procedure, but it also improves financial inclusion, particularly for women in various parts of Pakistan.