BISP Digital Wallets? Check How to Receive Direct Payments

The government has announced plans to provide digital wallets to all Benazir Income Support Program (BISP) beneficiaries this year, allowing them to collect funds and use other digital services directly.

The government announced a major digital upgrade for millions of families enrolled in the Benazir Income Support Program (BISP). Speaking at the launch of a new ‘Z-Wallet,’ State Minister for Finance Bilal Azhar Kayani confirmed that every BISP recipient will receive a digital wallet this year.

These new digital wallets will work just like regular bank accounts. Over 10 million BISP members already receive their payments online, but the new wallet system will let families transfer money, pay monthly utility bills, and access other basic financial services directly from their phones.

Fast FinTech Growth in Pakistan

The state minister shared that the government is working with private companies to make online payments simpler across the country. He mentioned some achievements in Pakistan’s digital system.

• Pakistan now has over 137 million digital banking users and over 2 million registered shopkeepers accepting digital payments
• The government is offering subsidies on Merchant Discount Rate (MDR). It encourages small shopkeepers to accept QR code payments.
• Digital payments in government offices jumped from 9% to 76%.

The government aims to build a fully digital financial system to eliminate delays, prevent corruption and make life easier for citizens receiving state support