Bank Alfalah launches biometric ATM
10 February 2020 11:24 GMT

Pakistan's Bank Alfalah launched a Biometric Verification Systems (BVS) enabled ATM and POS agents dedicated to the Kafaalat Program.

The inauguration ceremony was held at a Bank Alfalah branch at Shuba Chowk in Peshawar; attended by Dr. Sania Nishtar, Prime Minister’s Special Assistant on Social Protection and Poverty Alleviation, Mr. Faisal Rauf, Head of Corporate and SMME, Digital Banking Group-Bank Alfalah and several members of the Ehsaas Board.

As a part of this initiative, the beneficiaries under the Government of Pakistan Kafaalat Program will be facilitated to shift from cash grant withdrawal through a Beneficiary Disbursement Card (BDC) to the state-of-the-art, Biometric Verification Systems (BVS) based withdrawal at branches, ATMs as well as branchless banking agent touch-points.

Beneficiaries of the program are women with no other source of income. This new process holds a mandatory requirement of the physical presence of the beneficiary and requires them to press their thumb against the fingerprint reading device, which will not only ensure proof of life of the beneficiary but also make certain that the hand receiving the cash grant is that of the ‘right’ individual. This new arrangement would be especially beneficial for women who commonly do not have much control over their own money. This also saves them from hassles such as lost or stolen cards, forgotten pin, and other related issues.

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