Which businesses can benefit from PAN Verification?

1Answer

The PAN verification feature can be used to identify the person/businesses during onboarding as well as before initiating the transaction.

Following business categories can use PAN verification to speed up their onboarding, KYC and payment process - 

  • Lending platforms 

  • Insurance providers and platforms

  • Investment portals

  • Wallets 

  • EMI/installments providers 

  • Any form of credit providers 

  • Offline and online marketplaces to onboard vendors, sellers 

  • Large corporations for onboarding employees 

  • Payments & fintech companies 

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