BISP beneficiaries can now withdraw stipends from any partner bank

Published
0

ISLAMABAD: The Benazir Income Support Programme (BISP) today signed agreements with 1LINK and partner banks to operationalize an interoperable digital wallet payment system, enabling beneficiaries to access their stipends more conveniently across Pakistan.

The signing ceremony was held at BISP Headquarters in Islamabad and was chaired by Chairperson BISP, Senator Rubina Khalid. The event was attended by senior representatives of the State Bank of Pakistan, 1LINK, Habib Bank Limited, Bank Alfalah, Bank of Punjab, HBL Microfinance Bank, Easypaisa, JazzCash, and the World Bank.

Speaking on the occasion, Senator Rubina Khalid described the initiative as a transformative reform that places beneficiaries at the center of the payment system. She said the new arrangement will significantly improve the payment experience for millions of deserving women by providing greater convenience, accessibility, transparency, and choice.

The Chairperson said that, in line with the vision of the President of Pakistan, Mr. Asif Ali Zardari, to ensure dignified and hassle-free payments, BISP has successfully introduced a system that empowers beneficiaries to receive their financial assistance with dignity and ease.

Under the new interoperable payment mechanism, stipends will be credited directly into beneficiaries’ digital wallets. Women beneficiaries will then be able to withdraw their payments from the nearest retailer or agent of any participating bank across Pakistan, regardless of which bank issued the payment. The system will gradually become the primary channel for BISP disbursements nationwide.

Published in Dawn, June 19th, 2026

Opinion

Editorial

Fixing bond markets
Updated 01 Oct, 2026

Fixing bond markets

Pension funds, insurance companies, mutual funds, retail investors, and eventually, foreign investors must become bigger participants in the market.
Call centre rackets
01 Oct, 2026

Call centre rackets

A NUMBER of recent raids conducted by the authorities in different cities point to the growing threat fraudulent ...
Homeward bound
01 Oct, 2026

Homeward bound

FIVE months after Somali pirates captured an oil tanker carrying a 19-member multinational crew, Somali maritime...
Kashmir unresolved
Updated 30 Sep, 2026

Kashmir unresolved

The just solution lies in India addressing the issue through a trilateral dialogue involving the legitimate representatives of the Kashmiri people and Pakistan.
Water shortage
30 Sep, 2026

Water shortage

THAT the country is entering the Rabi season with an anticipated water shortage of nearly 25pc, the lowest carryover...
Young hearts
30 Sep, 2026

Young hearts

THE observance may have passed, but the message of World Heart Day should not fade with it. The occasion is a useful...