BISP Hiring Banks for Payment Disbursement 2025

The Benazir Income Support Programme (BISP) is one of the largest social safety net programs in Pakistan. Also, it provides cash assistance to millions of low-income and deserving families. BISP has recently announced that, as part of efforts towards secure and transparent payment disbursement, it is now hiring banks for payment disbursement. This action signals the government's commitment to making it easier for people, increasing efficiency, reducing wait times, and enhancing access to payments for families who are eligible for assistance under BISP.

Why BISP is Hiring Banks

Historically, witnessing the pain points of many beneficiaries in accessing their payments, whether it was waiting several hours or days to get their payments, facing a hefty transaction fee to get their cash from an agent, or being subjected to scams, has been concerning. By partnering with banks, BISP seeks to address these challenges and ensure that payments are made within a system that is fair, transparent, and accountable.

• By partnering with banks, BISP will offer the following:
• Secure transactions with minimum risks of fraud or deductions from payments.
• Rapid access to funds as beneficiaries to get funds at banks, ATMs, or mobile apps.
• Access for poor families to become part of the formal banking system rather than being outside the banking system.
• Transparency in the distribution of funds to eligible beneficiaries only.

Improving Transparency and Trust

Transparency is one of the major issues in welfare programs. To look forward to this concern, the BISP works through banks to provide direct transfers to beneficiaries without any external interference. Every beneficiary receives notifications and receipts, increasing trust and accountability.

In addition, biometric verification will help prevent fraud and duplicate payments. Biometric verification increases the trust of beneficiaries as well as taxpayers in knowing that their contributions are being used appropriately.

Step Towards Financial Inclusion

Currently, millions of BISP beneficiaries do not have bank accounts. Through this initiative, many of these beneficiaries will be encouraged to open a bank account for the first time. This is important because financial inclusion leads to poverty reduction. Once a family is receiving benefits through the banking system, they will then have an opportunity to access a variety of other financial services (e.g., savings, small loans, mobile banking).

How will beneficiaries receive their payments through banks?

Beneficiaries can collect their payments through ATMs, bank branches, or mobile banking services, depending on the facilities provided by the selected banks.

Which banks will be responsible for BISP payments?

The government is signing agreements with multiple banks to cover different regions of Pakistan. The official list will be shared on the BISP website and helplines once finalized.

Will beneficiaries need to open a bank account?

In many cases, beneficiaries will be encouraged to open simple accounts so they can directly receive their funds. This also helps promote financial inclusion.

How does this step ensure transparency?

Payments will be directly transferred to beneficiaries’ accounts with biometric verification, reducing the chances of fraud, middleman deductions, or duplication.