New payment Method for dispersing funds to be adopted by BISP

The board of Benazir Income Support Program (BISP) on Monday approved concept and design of new payment model which would enhance financial inclusion through provision of regular bank accounts and increased payment touch points in rural areas.

The board also allowed BISP management to submit design of the new payment model to Finance Division for concurrence and to hire new payment agencies on open competition basis subsequent to approval from Finance Division.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>