BISP ranks as one of the top social safety nets & has made improvements in payment modes: MARVI<\/p>\n
Buner
\nThe incumbent government believes in performance whereas PTI has done nothing good except holding protests to distract general public. KPK was a litmus test for PTI where they have failed badly. The federal government\u2019s performance is evident from a number of on-going development projects that would be completed on time, thus bringing change in the lives of people. This was stated by Minister of State and Chairperson BISP MNA Marvi Memon during her visit to Buner, where BISP has launched payments through Biometric verification System (BVS). The Chairperson visited BVS payment centre, had a meeting with local government representatives and PML (N) workers.
\nDuring her visit to BVS centre, the Chairperson said that Benazir Income Support Programme is all set to clinch the top position in the world as it has embarked upon updating National Socio Economic Registry (NSER) and has started payments through biometric verification system (BVS). Currently BISP ranks as one of the top five social safety nets and has made significant improvements in payment modes ensuring transparency and effective service delivery since its inception.
\nPreviously payments in Buner were made through Benazir Debit Cards. Now BISP has switched over to biometric based withdrawal mechanism in Buner. In Biometric Verification System (BVS), beneficiary would present CNIC only at POS (Point of Sale) or franchisee of the partner bank and affix her thumb impression for the withdrawal. A system generated receipt would be given to her showing the record of payment and balance.
\nChairperson highlighted that in 2008, when BISP started its operations, payments were made mainly through Pakistan Post. Gradually, the payment system was shifted to smart cards, mobile phone banking and debit cards. At present, 83.9%of beneficiaries are drawing their stipends through debit cards, 0.001% through Mobile banking, 13% through biometric mechanism.<\/p>\n
and 3% are still receiving funds through Pakistan Post. BISP is in the process of shifting gradually to BVS from all modes of current payment.
\nSpeaking to the beneficiaries, Chairperson said that it is always heartening to be in field with the beneficiaries and monitor the performance. Payments through biometric verification system (BVS) would eliminate the middle man culture as BVS is the most simplified and user friendly payment mode with less security tiers as compared to other modes of payment. The mandatory presence of beneficiary for receiving stipend would make her empowered in true sense as per Finance Minister Senator Ishaq Dar\u2019s vision of financial inclusion.<\/p>\n","protected":false},"excerpt":{"rendered":"
BISP ranks as one of the top social safety nets & has made improvements in payment modes: MARVI Buner The incumbent government believes in performance whereas PTI has done nothing good except holding protests to distract general public. KPK was a litmus test for PTI where they have failed badly. The federal government\u2019s performance is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-8491","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"\n