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.
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.