Mobicash Entrusted to Disburse Funds to Millions of TDP’s

Avatar Written by Sarwat Fatima · 1 min read>
Mobicash To Distribute Funds

Mobilink Mobicash has been entrusted to disburse million in funds to Temporarily Displaced Persons (TDP)’s in the KPK province. The initial phase of the project will be launched in February to accommodate 103,000 families moving back to their homes.

Mobicash will distribute funds to 52,000 families paying PKR 8,000 to each family as a transportation allowance in the first phase of the project. The “Beneficiaries” will cash-out the rehabilitation funds using Mobicash’s standard “Money Transfer” facility from any of the retail channel outlets. The total size of this disbursement will be PKR 416 million.

The second phase of the project will hand out PKR 25,000 to each beneficiary family as a “Settlement Allowance”. The beneficiary families will be issued Mobicash ATM cards through distribution centers whereby the funds will be cashed out through any ATM machine featuring 1-link or M-net connection. This disbursement size allocated for the settlement allowance will be app. PKR 1.3 billion.

The Agreement signing ceremony was held at Governor House, Peshawar which was attended by Chief Commercial Officer Mobilink, Bilal Munir Sheikh, Director Mobilink’s Mobile Financial Services Ms. Aniqa Afzal Sandhu, CEO/President Waseela Microfinance Bank Mr. Ghazanfar Azzam and DG FDMA Mr. Ikram Ullah. The agreement was signed by DG FDMA and President Waseela Microfinance bank Ghazanfar Azzam.

Bilal Munir Sheikh Chief Commercial Officer, Mobilink said;

“Mobilink, as a socially-responsible corporate citizen, has always been at the forefront of supporting the marginalized segments and making a positive social impact. Our engagement with the TDP’Ss’ fund disbursement project reflects our commitment to facilitate the suffering TDP’S community. Thus, Mobilink will serve as a bridge between the government of Pakistan and the TDPs from the KPK and FATA regions that are in dire need of the nation’s help.”

Whereas Ghazanfar Azzam CEO Waseela Bank said;

“Waseela Bank and Mobilink teams are working to ensure that Mobicash reaches out to the unbanked population of the country. Mobicash is the fastest growing mobile financial network with over 50,000 retailers across Pakistan. Our collaboration with Government of Pakistan for the disbursement of funds is a testament of our commitment to serve the marginalized strata of our society through the most innovative Mobile banking solutions.”

Mobilink will ensure a transparency of the project through the issuance of Free Sims and Biometric-Verification process which will begin in February. Mobicash will ensure Data-connectivity to have smooth activations, while Waseela Bank will conduct the On-ground operations & work processes. All progress will be visible through effective media management and maintaining liaisons with the relevant departments of the government.

Written by Sarwat Fatima
Sarwat is a journalist and DIY enthusiast. She loves writing about Startups and Businesses. She is heading Islamabad and surrounding areas for news coverage. Profile