Karachi August 13, 2024: In a significant step towards social empowerment, the first tranche of disbursements for the Benazir Income Support Program (BISP) is underway by JazzCash in collaboration with Mobilink Microfinance Bank. So far, over PKR 1 billion has been disbursed in campsites in Hyderabad, Matiari and Rahim Yar Khan.
Under this partnership, JazzCash and Mobilink Microfinance Bank are utilizing their extensive network of agents to disburse funds to 1.3 million BISP-registered women beneficiaries across Pakistan. To ensure responsible and dignified disbursements, special camps have been established at the disbursement centres to also raise financial literacy among women, ensuring they are well-informed and empowered to use the funds effectively.
In a message, Rubina Khalid, the Chairperson of BISP, emphasized the importance of collective responsibility in uplifting marginalized communities. She highlighted the significant role that such collaborations play in ensuring that financial aid reaches those who need it the most.
Aamir Ibrahim, CEO of Jazz and Chairman of Mobilink Microfinance Bank, said, “We are proud to partner with BISP, the country’s leading social protection program, in the vital mission of alleviating poverty. As Pakistan’s largest fintech platform, JazzCash is committed to providing financial access to millions of underserved citizens. By offering affordable payment solutions and credit, fintechs like JazzCash play a crucial role in bridging the financial inclusion gap across the country.”
To ensure smooth disbursements, JazzCash has also set up a dedicated complaint management cell with agents fluent in regional languages. This cell ensures that all beneficiaries receive timely and effective assistance. Additionally, JazzCash, Mobilink Microfinance Bank and BISP are taking steps to facilitate people with disabilities and elderly women who struggle to get their fingerprints verified. These groups are being issued debit cards to easily withdraw funds from any ATM.
The partnership aims to make timely disbursements to women across Pakistan. In Sindh, the districts of Sanghar, Nawabshah, Mirpurkhas, Tharparkar, Matiari, Umerkot, Sujawal, Tando Allahyar, Tando Mohammad Khan, and Hyderabad will be covered, whereas Kaharan and Chaghai in Balochistan, Rahim Yar Khan in Punjab, and Malakand in Khyber Pakhtunkhwa will be covered.
