Pakistan, Aug. 1 -- In a major stride toward a cashless economy and strengthened social protection, the Benazir Income Support Programme (BISP) unveiled its Mobile Wallets Payment Model during a high-level workshop held in Islamabad on Thursday.

Backed by the European Union and the German Government, this landmark initiative aims to digitize payments for millions of low-income families across Pakistan.

Titled "Transition to Cashless Economy: BISP Mobile Wallets Payment Model", the workshop brought together senior government officials, financial regulators, telecom executives, and development partners to explore the transformative potential of social protection wallets-secure digital tools designed to provide direct, dignified financial ...