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。
すでに購読者です ? サインイン
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
Gukesh, Liren draw round 4, stay level on points
The 32-year-old Liren had won the opening game before the two played out a draw in the second game.
India 'unlikely' to travel to Pakistan for Champions Trophy 2025
It is \"unlikely\" that the Indian Cricket team will travel to Pakistan for the ICC Champions Trophy next year due to 'security concerns' there, the Ministry of External Affairs said on Friday.
ICC defers calls on 2025 Champions Trophy
The ICC meeting, which will decide the fate of the Champions Trophy 2025, has been adjourned for Saturday after suggestions and discussions from all sides, sources said.
Nayar hints at Rohit-Gill return for Test
As India gears up for their pink-ball Test against Australia in Adelaide, Assistant Coach Abhishek Nayar shared his insights during a press conference, reflecting on the team's preparation.
Ponting stresses need for Labuschagne to regain form
Key top-order performer and former No.1 ranked Test batter Marnus Labuschagne has come under scrutiny following his poor show in the first Test against India.
Ponting praises Kohli's Perth century
Former Australian captain Ricky Ponting lauded star Indian batter Virat Kohli for a century against Australia at Perth, pointing out how trusting his game during the second innings paid off well for him.
BROOK, POPE PUSH ENGLAND CLOSER TO NZ'S FIRST INNINGS SCORE
Carse (4/64) and spinner Shoaib Bashir (4/69) topped the bowling charts for England
England's next-gen stars touch new highs
England's next generation had a fine day at work as batters Harry Brook and Ollie Pope touched landmarks of 2,000 Test runs and 3,000 Test runs, respectively.
Egg freezing before chemotherapy: Why fertility preservation is important for breast cancer patients
Navigating breast cancer can be overwhelming, especially when it lowers the possibility of starting a family.
Separation or Resolution: What Works For Women
Recently we heard the news of AR Rahman and Saira separating after 29 years. Rahman shared on social media, stating, \"We had hoped to reach the grand thirty, but all things, it seems, carry an unseen end.\"
