The financial technology (fintech) sector has experienced rapid growth, driven by innovations that enhance financial services' efficiency, accessibility, and user experience.
This comprehensive explainer delves into PAN 2.0, its mechanisms, and its potential to transform the fintech landscape.
The ideation of PAN 2.0 stems from the government's commitment to enhancing the efficiency and security of financial transactions.
By establishing PAN as a unified identifier across all digital systems of specified government bodies, the project aims to transform taxpayer registration services, significantly enhancing them by improving access, accelerating service delivery, ensuring consistent data, optimizing costs through eco-friendly methods, and bolstering security and infrastructural flexibility.
KEY FEATURES OF PAN 2.0
● Unified Business Identifier (UBI): A standardized system to streamline interactions with government agencies by consolidating multiple identifiers into a universal number.
It simplifies registration, compliance, and reporting, reducing administrative burdens.
● Embedded QR codes: New PAN cards will feature embedded QR codes, improving functionality and security by facilitating easier access to tax information and verification processes.
● Universal business identifier: PAN will serve as a universal identifier across various government platforms, simplifying processes and ensuring data consistency.
この記事は The Daily Guardian の November 27, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は The Daily Guardian の November 27, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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