Breaking News: Benazir Kafalat Payments Now Available Through More Banks – In an effort to enhance beneficiary payment distribution, the Benazir Income Support Programme (BISP) has partnered with six more institutions. The goal of this action is to increase payment accessibility, transparency, and reduce corruption. The announcement was made by BISP Chairwoman Senator Rubina Khalid.
A Novel Payment Scheme
With only two banks at first, the BISP had several difficulties, including delays and inefficiencies. BISP has already established six new banks in order to address these problems. BISP payments will now be delivered via the banks listed below:
- Habib Bank Limited (HBL)
- HBL Microfinance
- Bank Al Falah
- Bank of Punjab
- Mobilink Microfinance
- Telenor Microfinance Bank
By enabling transfers between bank accounts and the mobile wallets JazzCash and EasyPaisa, these organizations will increase the accessibility of payments for beneficiaries. The goal of this action is to streamline the payment process and lower the number of complaints.
By enabling transfers between bank accounts and the mobile wallets JazzCash and EasyPaisa, these organizations will increase the accessibility of payments for beneficiaries. The goal of this action is to streamline the payment process and lower the number of complaints.
Details of the Category
Brand-New Partner
BanksHabib Bank Limited (HBL), HBL Microfinance, Bank of Punjab, Mobilink Microfinance, Telenor Microfinance Bank, and Bank Al Falah
Payment Enhancements
Transfers between
bank accounts and mobile wallets JazzCash and EasyPaisa
Measures of Transparency
campgrounds accepting payments and manned by trained experts
Reduced Corruption
Digital payment system created in collaboration with MOIT to track and lessen corruption
The Partnership’s Goal
Increasing the number of banks integrated is mostly done to provide beneficiaries with additional payment choices. It is anticipated that this step would help enhance accountability and transparency in the payment process. Executives from the partner institutions and BISP Director General Naveed Akbar were present at the occasion to sign the official agreements with the banks.
Enhancing Openness and Decreased Corruption
The BISP has set up payment campgrounds to guarantee that payments are made in an equitable and effective manner. These campsites are staffed by trained specialists who are able to help recipients—especially women, who sometimes struggle to get their stipends. Transparency is further enhanced by the use of a digital payment system created in association with the Ministry of Information Technology (MOIT). This digital approach reduces the possibility of corruption and facilitates payment tracking.
Digital Payment Method
The implementation of the new digital payment system is a significant advancement for the BISP. BISP intends to guarantee correct and timely payment processing by working with MOIT. Better money tracking is another benefit of this strategy, which makes it simpler to spot and deal with anomalies. It is an essential tool in the fight against corruption and guarantees that recipients get their benefits without any problems.
Conclusion
The BISP payment model’s six new bank members represent a significant advancement in the program’s effectiveness and openness. By providing a range of payment options and setting up specific payment sites, BISP seeks to end complaints and provide equitable treatment for all beneficiaries. The Poverty Graduation Program’s reintroduction is evidence of BISP’s commitment to helping participants improve their living circumstances and become self-sufficient.