Tech

This German company will help you in making PAN card, hands with UTIITSL

This German company will help you in making PAN card, hands with UTIITSL

Now the German company will be helpful in issuing a PAN card to the people in India. German payments company Wirecard said on Wednesday that it would work with India to further simplify the process of issuing tax identity cards (PAN cards). Let us tell you that the PAN card is necessary to open a bank account, to transfer money, or to complete a business transaction. The Wirecard deal with the government company UTI Infrastructure Technology and Services (UTIITSL) is aimed at expanding the distribution system of PAN cards.

Let me tell you that in India with a population of about 130 crores, most people live and work in the informal economy. Wirecard, which already has a presence in India, said it has a network of 1,500 retail agents in 350 cities. This company will accept and scan the necessary documents from people for PAN card. 

It is being speculated that Prime Minister Narendra Modi’s government will be formed once again at the Center. The results of the Lok Sabha elections will be announced tomorrow. Prime Minister Modi wants to expand financial inclusion extensively and has already launched the Universal Biometric Identity Card Scheme.  

The Munich company Wirecard was founded in 1999. It operates a digital payment platform that oversees payments to merchants and issues genuine and virtual payment cards to consumers. 

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