Prime Minister Imran Khan launched the Ehsaas Digital Saving Wallet Scheme for poor and underprivileged Pakistanis today. During the inauguration, Prime Minster also announced that the program appeared at the fourth spot in the World Bank list for offering integral services to the people of the country during the COVID-19 pandemic.
During his address, Prime Minster Imran Khan said, “I praise Ehsaas Program for making it possible. Ehsaas Saving Wallets is particularly important because it will strengthen the banking system and bring more people into the net.”
The program was announced during an inaugural ceremony held in Islamabad for Ehsaas Digital Saving Wallet Scheme.
Ehsaas Digital Saving Wallet Scheme
The program is announced to help poor and underprivileged people to withdraw money or keep it safe in a digital wallet. The beneficiaries of these wallet account holders invest money and keep it safe. Anyone can open an account using an ATM machine or going to a registered agent.
The first few transactions made through these accounts will include:
- Cash in
- Cash out
- Balance inquiry
- Funds transfer to mobile accounts
- Utility bill payments
- Money transfers
- Mobile top-ups
The Ehsaas Digital Saving Wallet Scheme will help people save more money and help the saved money to get their financial situation better.
— APP 🇵🇰 (@appcsocialmedia) May 24, 2021
The features of the accounts opened under the Ehsaas Saving Wallets Program will include:
- Balance Inquiry
- Cash In and Cash Out
- Funds Transfer from Ehsaas Kafaalat to Mobile Accounts
- Mobile Top-up
- Utility Bill Payments
- Money Transfers
Prime Minster Imran Khan further announced that the Ehsaas Digital Saving Wallet Scheme will be best for women and empowering them. He said, “This step will make women financially independent and enable them to make their financial decisions.”
He further said, “Unless or until the downtrodden segments are uplifted, prosperity can’t be achieved. We are making efforts to help such segments in the society and take steps for their welfare.”
The Scheme is part of the Ehsaas Financial Inclusion Strategy. It will work in tandem with the Kafaalat household system that is aimed at managing financial shocks, investment to increase earnings, meet emergency needs and to overall add financial stability into family systems.