BISP launches interoperable payment system through six banks

KARACHI: The Benazir Income Support Programme has launched an interoperable payment system, enabling women beneficiaries across Pakistan to receive financial assistance through any of the six participating banks and financial institutions.

The programme has commenced disbursement of the first instalment under the new arrangement through Habib Bank Limited (HBL), HBL Microfinance Bank, Easypaisa, JazzCash, Bank Alfalah and Bank of Punjab.

The system is designed to give beneficiaries greater choice in accessing payments, reduce long queues and prevent unauthorised deductions, while improving transparency and accountability.

On the occasion, BISP Chairperson Senator Rubina Khalid met State Bank of Pakistan Governor Jameel Ahmad to discuss implementation of the new payment mechanism and its future roadmap.

She appreciated the Central Bank’s guidance and support in developing the digital banking system and onboarding the six payment partners.

Additional Secretary of BISP, Dr. Ismat Nawaz, also attended the meeting.

Senator Rubina Khalid said the new system would give women beneficiaries access to financial assistance through their preferred banking channels.

She reaffirmed BISP’s commitment to strengthening financial inclusion and ensuring transparent and dignified delivery of assistance.

She said coordination with the State Bank and partner institutions would continue to implement the system.

Copyright Business Recorder, 2026