PM Imran opens the Ehsaas Digital Wallet Scheme to Deepen Financial Inclusion

Pakistan's PM Imran Khan today inaugurated an initiative by Ehsaas Digital Saving Wallets to increase the financial inclusion of women in the region. The survey from the World Bank lists Pakistan's Ehsaas Program as the 4th country to help the vulnerable during this COVID-19 pandemic. PM said during the ceremony,

We used technology to help everyone.

He also pointed out that any responsible country has to concentrate on its poor. He said, in addition,

"We want to build a social welfare state which cares for its residents. In order to encourage women to develop their own business ventures, the Government focuses on launching programs and initiatives. If we keep ignoring our bad, we can't become great."

The beneficiaries of Ehsaas Kafaalat will now have the choice to either save or save their money on their digital wallets. Under their program. It will help Kafaalat households deal with financial shocks, address emergency needs and invest in raising their incomes, thus helping them to alleviate poverty.

Initial activities using such accounts will include balance inquiries, cash in and cash out, mobile access, payments of energy bills, and money transfers of funds collected from the Ehsaas Program.

This program's main motivation is to promote savings that could potentially contribute to the reduction of poverty in the longer term. In addition, the financial integration started under the One Woman One Bank Account Policy will be further accelerated.

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