Payments

Current Payment Mechanism

• The payments to the BISP beneficiaries are being made through the Pakistan Post.
  
  
• The list of beneficiaries is sent to the Pakistan Post in an electronic form along with a cheque for the total amount to be paid to the beneficiaries.
  
  
• Pakistan Post prints money orders through a digitized system and Money Orders are paid to the beneficiaries at their doorstep.
  
  
• At the time of payment delivery, the beneficiary woman has to establish her identity and show her CNIC.
  
  
• Through this mechanism no one handles the money except the Postman.
  
  
• As a measure of transparency and social accountability of the Programme, the payment details and status of delivery of each beneficiary has been displayed at the BISP website.
  
  

New Payment Mechanism

• In order to further improve the payment mechanism, technology based solutions are being explored by BISP.
  
  
• Such new mechanisms will enable the BISP to execute the payments in a shorter span of time and real time reconciliation of payments. Systems are also being designed to address the payment complaints in a more efficient way.
  
  
• Payment through the Smart Card is being initiated in four districts on a Pilot basis. The cards will be issued by NADRA and the payments will be arranged by a Bank through a network of franchisees and a core banking application.