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
