The Benazir Income Support Program (BISP) has teamed up with Pakistan's fintech company JazzCash to streamline the payment method for Kafalat customers, financial inclusion, especially among women, and ensure faster disbursement of grants.

Background on BISP and JazzCash

The Benazir Income Support Program, launched in 2008, provides financial assistance to low-income families in Pakistan. Over the years, BISP has worked hard to further improve its payment procedures so that customers can recover their funds quickly. JazzCash, an esteemed mobile banking service, has an extensive list of agents and stores in Pakistan, making it a great partner for BISP.

BISP works with JazzCash for faster payments Key points
Details about BISP and JazzCash. BISP, established in 2008, provides cash support to low-income families in Pakistan. JazzCash, with its wide reach, is the right partner to optimize BISP's payment procedure.
Important of the collaboration: The association focuses on women's financial inclusion, uses JazzCash's system for efficient payment distribution and uses biometric authentication to perform secure actions, helping more than 1.3 million beneficiaries.

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Main features of the collaboration:

JazzCash is partnering with Women Empowerment to improve financial inclusion. The partnership will use JazzCash's extensive network for efficient payment distribution and biometric verification for secure transactions, supporting more than 1.3 million beneficiaries.

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Payment transfer process

JazzCash will use its extensive supply chain to deliver BISP funds to beneficiaries. It involves using agents like stores to ensure that recipients have direct access to their money. The use of biometric evidence adds a further degree of protection, ensuring that payments are sent to the correct people.

Focused on women's liberation.

JazzCash Collaboration: Empowerment of Women and POS Agents:

  • JazzCash aims to improve women's financial health by making financial services accessible.
  • BISP's goal aligns with JazzCash's focus on helping those in need.
  • JazzCash aims to solve the problems of point of sale distributors by establishing a secure payment system.
  • Users will have more withdrawal options, reducing reliance on POS agents.

Conclusion

The friendship between BISP and JazzCash represents an important twist in increasing the financial inclusion of the poorest citizens of Pakistan. By using JazzCash's extensive network and creative technology, the BISP aims to ensure that beneficiaries receive funds quickly and securely.

Frequently asked questions

What is included in the goal of the BISP-JazzCash partnership?

The cooperation envisages improving the payment process for BISP recipients, with an emphasis on financial inclusion and secure transactions.

How many beneficiaries will JazzCash serve?

JazzCash will handle remittances for over 1.3 million BISP beneficiaries.

What particular guarantees are there to ensure secure transactions?

The agreement involves biometric verification to verify that payments are issued to the right beneficiaries.

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