Pakistan unveils biometric cash transfer program for women

Tuesday 4 February 2020 10:46 CET | News

Pakistan Prime Minster has announced that seven million women suffering from poverty will receive a biometric money transfer of PKR 2000 (approximately USD 13) each.

With this, the country reveals the latest addition to its national anti-poverty program, also dubbed as Ehsaas Kafaalat. As such, each woman will receive a bank account and a smartphone, in order to facilitate the money transfer and to formally introduce a massive segment of Pakistan’s population to the economy, Find Biometrics reports.

This initiative follows the six million families that have already received a health insurance card, also as a part of the Ehsaas Kafaalat program, which aims to eliminate poverty through the creation of a ‘welfare state’. Moreover, the Kafaalat program will provide a monthly cash transfer to the participants via a biometric system through designated ATMs and bank branches. Those who will benefit from the program had been identified through a door-to-door digital survey, which was conducted in addition to an online survey.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Pakistan, launch, biometrics, cash transfers, bank accounts, money transfers, ATMs, banks, cards
Categories: Banking & Fintech
Countries: Pakistan
This article is part of category

Banking & Fintech

Industry Events