JazzCash Partners With BISP To Enhance Kafalat Process For 1.3 Million Beneficiaries

As we all know the Benazir Income Support Program has announced to addition of six additional banks to streamline the BISP Kafalat Payment Disbursement across Pakistan, therefore BISP has partnered with one of the most popular transactions companies which is Jazzcash. So that Beneficiaries can easily withdraw their Payments from their accounts.

BISP Partnered With JazzCash For Payment Disbursement 

The largest fintech company in Pakistan, JazzCash, is pleased to announce that it has been chosen as one of the select few esteemed financial institutions to work with the Benazir Income Support Program (BISP) to distribute funds intended to empower marginalized communities, with a focus on women’s inclusion.

Aamir Ibrahim, CEO of Jazz, has stated:

In collaboration with BISP, we are working to uplift the economic well-being of Pakistani women. Leveraging JazzCash’s network, we aim to provide accessible digital financial services, hence, contributing to the gradual financial empowerment of BISP’s beneficiaries. This effort is a reflection of our purpose of improving the lives and livelihoods of women through digital and financial inclusion.

1.3 Million Beneficaries Will receive Payment Through JazzCash

Benazir Income Support Program has expanded its Payment structure and partnered with 6 more banks therefore each banks hold a certain amount of Beneficaries Payment in this way JazzCash has also signed up for distributing payments to 13 lakh Beneficaries.

As part of this collaboration, JazzCash will distribute money to more than 1.3 million recipients by utilizing its broad nationwide network of agents and shops.

Also Read: Benazir Taleemi Wazaif Registration

Duration of the BISP and JazzCash Partnership

Over 9 million women receive financial support from BISP, the most well-known social protection organization in Pakistan. For three years, each woman will receive cash assistance totaling Rs. 10,500 per quarter. As part of the three-year agreement, JazzCash will use biometrically enabled services to make cash withdrawals easier.

Districts Where The JazzCash Will be Available In Pakistan

The collaboration intends to promptly distribute funds to recipients throughout Pakistan, with a focus on the following districts 

Solving matters of Payment Deduction By POS Agents

The BISP program will collaborate with JazzCash to improve the payment procedure under its new payment model to reduce complaints regarding POS agents.

Together, JazzCash and BISP see a day when financial inclusion breaks down barriers and gives everyone equitable possibilities, acting as a catalyst for social upliftment. Our shared dedication to making a positive difference in the lives of those who are most in need is reflected in our partnership.

Conclusion

The partnership between JazzCash and the Benazir Income Support Program represents a significant advancement in financial inclusivity across Pakistan. With JazzCash now facilitating payments to 1.3 million beneficiaries, including marginalized women nationwide, the collaboration aims to streamline the Kafalat payment process and address issues such as payment deductions.