In June 2014, Easypaisa signed an agreement with the Sindh Education Reform Program (SERP) unit within the Government of Sindh for educational stipend disbursements.
The Sindh Education Reform Program (SERP) focuses on improving access to schooling in rural areas by addressing issues of access, quality and governance that remain a challenge in education sector in Sindh.
SERP signed Easypaisa as funds disbursement partner, where both the entities were to collaborate to empower the underprivileged young girls of Sindh.
Under the SERP program, Easypaisa has started providing disbursement services for stipends offered to more than 400,000 girls studying in classes 6 through 10. The objective behind this stipend is to address gender disparity in education attainment in Sindh.
These girl students have been provided with specially designed ATM cards which work at Easypaisa shops and on all ATM machines installed in Pakistan. With nearly 50,000 Easypaisa shops across 800 cities in Pakistan, which are open late at night and also on weekends, beneficiaries can visit any nearby Easypaisa shop or receive stipends directly into their Easypaisa Mobile Accounts.
A small ceremony was held to initiate the SERP disbursements on 29th August, 2014 at GGHSS Junior Model School, Karachi and was attended by Mr. Nisar Ahmed Khouru, Mr. Nadeem Hussain and Madam Saba Mehmood.
Prior to partnering with Easypaisa, SERP used to disburse stipends manually and suffered from a number of problems including lack of payments, lack of accountability, lack of awareness, and embezzlement of funds. Easypaisa has brought a transparent and instant process that gives SERP the confidence to resume this program after a hiatus of two years. A comprehensive daily report/MIS is provided to SERP which lets them know the status of their disbursements, thus making it easy for them to manage their records. In this way, Easypaisa provides a convenient and hassle-free solution to stipend beneficiaries as well as a cost saving solution to SERP.
The World Bank and the European Commission are also providing assistance to this program through an IDA (International Development Association) credit by the World Bank and European Commission as well. Both the development partners are emphasizing effective implementation and continuous monitoring of this program to ensure gradual achievement of agreed targets.