Bank Alfalah Expands Partnership with BISP, Secures Largest Portfolio for Digital Social Cash Transfers
Karachi, [Date] — Bank Alfalah, a leading commercial bank in Pakistan, has reinforced its long-standing partnership with the Benazir Income Support Programme (BISP), having been a dedicated collaborator in the digital social cash transfer initiative since 2011. This year, Bank Alfalah, in collaboration with other partner banks, has been awarded the contract to serve 7 out of 15 clusters nationwide, securing the largest portfolio as a single contracting institution for BISP. The new contract will enable the Bank to serve 4.3 million beneficiaries, accounting for 47% of the BISP beneficiary base.
In a recent strategic meeting at BISP Headquarters, Atif Bajwa, President & CEO of Bank Alfalah, and Muhammad Yahya Khan, Group Head of Digital Banking, met with BISP Chairperson Senator Rubina Khalid. The discussions underscored the mutual readiness of both organizations to manage the new clusters, with a strong emphasis on treating BISP beneficiaries with the utmost respect and dignity.
Key points of the meeting included the Bank’s active development and implementation of innovative projects aimed at financially empowering beneficiaries. Bank Alfalah is committed to promoting financial literacy, enabling beneficiaries to achieve financial independence.
“Bank Alfalah has remained resolute in its commitment to supporting millions of BISP beneficiaries,” said Atif Bajwa. “We have digitally disbursed funds to recipients, reflecting our core values of empathy and responsibility.”
In a bid to enhance support for beneficiaries, BISP and Bank Alfalah teams are set to jointly develop and implement effective training initiatives. These initiatives aim to ensure positive outcomes and provide impactful assistance to the deserving community.
As the largest contracting institution for BISP, Bank Alfalah continues to play a pivotal role in the digital social cash transfer programme, striving to uplift and empower the underprivileged segments of society through innovation and financial inclusion.
About Bank Alfalah:
Bank Alfalah is one of the largest private banks in Pakistan, offering a wide range of financial services and solutions to its diverse clientele. Committed to innovation and customer-centricity, Bank Alfalah aims to drive financial inclusion and economic growth in the country.
