1.3 Million Kafalat Beneficiaries Will Benefit From JazzCash’s Partnership With BISP

Benazir Income Support Program has announced the addition of six additional banks to streamline the Kafalat Payment Disbursement across Pakistan. Therefore, BISP has partnered with Jazzcash, one of the most popular payment companies in Pakistan. In order to make it easier for beneficiaries to withdraw their payments.

BISP Partnered With JazzCash For Payment Disbursement 

It is with great pleasure that JazzCash, Pakistan’s largest fintech company, announces that it has been selected as one of the select few esteemed financial institutions to distribute funds to empower marginalized communities, with a particular focus on women’s inclusion, under the Benazir Income Support Program (BISP).

Jazz’s CEO, Aamir Ibrahim, said:

Our collaboration with BISP aims to improve the economic well-being of Pakistani women. As a result of JazzCash’s network, we are able to provide digital financial services to BISP’s beneficiaries, gradually empowering them financially. Through digital and financial inclusion, we strive to improve women’s lives and livelihoods.

1.3 Million Beneficaries Will receive Payment Through JazzCash

As a result of its expansion, the Benazir Income Support Program has partnered with six more banks, each holding a certain amount of beneficiary payments. JazzCash has also been contracted to distribute payments to 13 lakh beneficiaries.

Through its nationwide network of agents and shops, JazzCash will distribute money to more than 1.3 million recipients.

Also Read: Benazir Taleemi Wazaif Registration

duration of the partnership between BISP and JazzCash

The most well-known social protection organization in Pakistan, BISP, provides financial assistance to over 9 million women. For three years, each woman will receive Rs. 10,500 per quarter. JazzCash will use biometric-enabled services to simplify cash withdrawals as part of the three-year agreement.

Districts Where The JazzCash Will be Available In Pakistan

Throughout Pakistan, funds will be promptly distributed to recipients, with a focus on the following areas:

Solving matters of Payment Deduction By POS Agents

To reduce complaints regarding POS agents, BISP will collaborate with JazzCash to improve the payment procedure under the new payment model.

With JazzCash and BISP as partners, we envision a day when financial inclusion breaks down barriers and creates equitable opportunities for everyone. As a result of our partnership, we are committed to making a positive difference in the lives of those most in need.

In conclusion

It is a significant step forward for Pakistan’s financial inclusion due to the partnership between JazzCash and Benazir Income Support Program. 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.