BISP launches Mobile Wallet System from 14 August 2025 – safe digital transactions
Web Desk
16 August, 2025 14:11
BISP launches Mobile Wallet System from 14 August 2025 – safe digital transactions
On August 14, 2025, Pakistan’s Benazir Income Support Programme (BISP) launched its Mobile Wallet Payment Model — a new way for people, businesses, and the government to send and receive money. This major step will help millions of beneficiaries move toward a cashless system, allowing payments to go directly into mobile wallets instead of relying on cash or long bank queues, while also improving transparency and dignity in social welfare payments.
Why It’s Important
For many people, especially in rural areas, getting money has been slow and difficult. Banks are often far away, fees can be high, and payment delays are common. Mobile wallets solve these problems by:
Giving instant access to payments.
Removing the need to visit banks.
Recording all payments digitally for transparency.
Building trust in public welfare and subsidy programs.
What Is a Mobile Wallet?
A mobile wallet is like a small bank inside your phone. You can receive money, pay for groceries and bills, send funds to family, and even withdraw cash through agents or ATMs. Many mobile wallets work without internet, using simple mobile codes, so they can be used even in remote areas.
How It Works
Register your mobile number and ID with a wallet provider.
Verify with a PIN or fingerprint.
Receive payments directly from government programs, employers, or individuals.
Spend on shopping, bills, or send money to others.
Withdraw cash from agents or partner banks if needed.
Benefits for Citizens
Saves time and travel costs.
Keeps money safe with digital security.
Empowers women by letting them receive payments directly.
Helps students get stipends faster.
Gives flexibility to spend or withdraw as cash.
Example: Farmers
Before mobile wallets, farmers waited weeks for subsidies and often lost money to middlemen. Now they get the full amount instantly, letting them buy seeds or pay workers on time.
Security and Trust
The system uses encryption, PINs, biometric checks, and instant alerts for every transaction, making it safe and reliable.
Financial Inclusion
Millions of people without bank accounts can now join the digital economy. Anyone with a phone can have a wallet, receive subsidies, and even start saving.
Global Success Stories
Countries like Kenya (M-Pesa), China (Alipay, WeChat Pay), and India (UPI wallets) have shown that mobile payments can transform economies. Pakistan’s new model aims to bring similar benefits here.
Read More: Gold prices drop by Rs 900 per tola in Pakistan on 16 August
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