Bisp And JazzCash Collaborate On Advanced Payment Solutions In 2024
In response to the payment deductions and insults Benazir Income Support Program Beneficiaries face while traveling to the campsite for their 10500 payment, the program has decided to partner with Jazzcash for advanced payment, so that 8171 cash transfers can be accelerated directly into Beneficiaries’ accounts.
JazzCash and BISP join forces for advanced payments
With an emphasis on women’s inclusion, the largest fintech company in Pakistan, JazzCash, is pleased to announce that it has been chosen as one of the few prestigious financial institutions to collaborate with the Benazir Income Support Program (BISP) to distribute funds meant to empower marginalized communities.
1.3 Million Beneficaries Will receive Payment Through JazzCash
In addition to its partnership with six new banks, the Benazir Income Support Program has also expanded its payment structure. As a result, each bank holds a portion of the beneficiaries’ payments. JazzCash has also committed to distributing payments to 13 lakh beneficiaries. Through this method, 1.3 million beneficiaries will receive payments.
Through this partnership, JazzCash will use its extensive network of agents and stores to transfer money to over 1.3 million recipients.
JazzCash and EasyPaisa contract
A well-known social protection agency in Pakistan, BISP, provides financial assistance to almost 9 million women. JazzCash will deploy biometrically enabled services to facilitate cash withdrawals as part of the three-year agreement. Every lady would receive quarterly Kafalat 10,500 Payments for three years.
Districts in Pakistan where JazzCash will be available
| Sindh | Balochistan | Punjab | Khyber Pkahtoon Kha |
| Sanghar | Kharan | Rahim Yar Khan | Malakand |
| Nawabshah | Chagai | ||
| Mirpurkhas | |||
| Tharparkar | |||
| Matiari | |||
| Umerkot | |||
| Sujawal | |||
| Tando Allahyar | |||
| Tando Mohammad Khan | |||
| Hyderabad |
In conclusion
With the partnership between BISP and JazzCash, over 1.3 million beneficiaries will be able to receive funds more efficiently and securely, thanks to JazzCash’s extensive network. Not only does this initiative streamline the payment process, but it also enhances financial inclusion, particularly for women across Pakistan’s various regions.