UN terms Ehsaas as international best practice

Oct 8, 2021 – Islamabad: In the recently released edition of UN Principles for Responsible Digital Payments 2021, Pakistan's Ehsaas programme has been featured as an international best practice. According to UN’s report, Ehsaas simplified the know-your-customer procedure for users by collecting simple data fields and issuing accounts after basic verification. Incentivized 500,000 branchless banking agents to work with the program by reducing taxes on commission earned from beneficiaries, thereby increasing doorstep banking services to elderly, persons with disability, and women. Taking to twitter, Dr. Sania Nishtar said, “Glad to see Pakistan's Ehsaas continue to be lauded as international best practice by the UN as it looks to accelerate Responsible Digital Payments to advance developmental progress.” The UN Principles for Responsible Digital Payments advocate for responsible practices in the digitization of payments. These principles have been developed by the United Nations-based Better Than Cash Alliance, guided by its member governments, companies and international organizations. Report can be accessed here.