Senator Rubina Khalid, Chairperson BISP while talking to media regarding the payment improvements for beneficiaries said, in order to make the payments easier and transparent and reduce the complaints of Point of payment agents in one window operations’ Pakistan Post, BISP is including six more banks. Let’s discuss the BISP Payment Announced by Senator Rubina Khalid.
Details of the New Payment Model 2024
Six more banks, for example, Bank Al Falah, Bank of Punjab, Mobilink Microfinance, Telecom Microfinance Bank, Habib Bank Limited (HBL) and the HBL Micro financial services department have phased into BISP’s payments distribution matrix. With these collaborations users can transfer money between their banks through smart phones using JazzCash or EasyPaisa. An MOU was signed between the BISP and each of these banks in a ceremony when contracts were also signed by the BISP with different leasing companies. The Managing Director along with his team welcomed the bank officials.
Creating Visibility and refined Graft
In its payment reforms, BISP has developed specific payment sites for ensuring fair and efficient distribution of payments. Experts staffed these parks, providing assistance. To beneficiaries especially women and children who are most vulnerable to abuse and child abuse. Besides this, BISP and the Government’s Office throughout Technology and Information (MOIT) are planning to implement a digital payment system. Transaction processing will also be more streamlined and manageable, thus increasing transparency and reducing fraud at the same time.
The reintroduction of the Poverty Graduation Program
BISP also reverted back another program known as Poor People’s Graduate Program and also changed the mode of payment. This previously deleted initiative is intended to help clients be self-sufficient by giving them instruction in skills to do tasks not only for the facility but for other clients as well. Chairperson Ms. Rubina Khalid underlined that about nine million families in Pakistan could benefit from this program because it would help workers gain knowledge and assist in providing for their families. Since the training covers a large number of skills, students can choose what is similar to their interests and capabilities.
Benefits of the New Payment Model
- Inclusion of six new banks.
- Offers multiple payment options.
- Reduces dependency on POS agents.
- Provides more flexibility and convenience.
- Enhances overall BISP participant experience
Promoting Fair Treatment of the Beneficiaries
To ensure that every beneficiary receives equal and respectable acknowledgment women in particular payment sites must be developed. For those beneficiaries who wish to grab the money, these camping facilities boast of having clear and safe environment. BISP is significantly enhancing the quality and equity of the program by reducing dependence on POS and integrating alternatives for digital payment.
Conclusion:
The inclusion of six additional banks in the BISP payment system is an important step toward improving the program’s speed and credibility. With new payment options and payment camping grounds that it envisages to establish, BISP aims at reducing complains and ensure that beneficiaries are treated fairly. The return of the Poverty Graduation Program shows that BISP is here to help people and support them to achieve food security.
