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Home / Companies / News /  Protean and PayNearby tie-up to offer paperless PAN
services


PROTEAN AND PAYNEARBY TIE-UP TO OFFER PAPERLESS PAN SERVICES

Premium Once the online application form is submitted, a digital copy of the
ePAN will be generated within couple of hours while a physical copy will be
delivered to the customers at their chosen address in 4-5 working days.
Bloomberg (HT_PRINT) 2 min read . Updated: 20 Jun 2022, 05:05 PM IST Livemint

 * It will facilitate quick and easy access to online PAN services in
   neighbourhood stores at affordable rates, thus eliminating the submission of
   physical applications and supporting documents



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Protean eGov Technologies Ltd (formerly NSDL e-Governance Infrastructure Ltd)
and PayNearby has announced a partnership to offer PAN-related services for
PayNearby’s retail partners through Aadhaar and biometric or SMS-based OTP
authentication for their customers.



The partnership looks to improve service delivery for millions of citizens.

It will facilitate quick and easy access to online PAN services in neighbourhood
stores at affordable rates, thus eliminating the submission of physical
applications and supporting documents.



Once the online application form is submitted, a digital copy of the ePAN will
be generated within couple of hours while a physical copy will be delivered to
the customers at their chosen address in 4-5 working days.

Protean accepts and processes PAN applications on behalf of the Income Tax
Department, Government of India. Under the collaboration, PayNearby will work as
the PAN Service Agency (PSA) of Protean.

With PayNearby serving nearly 75% of the Indian market, retailers can now accept
PAN applications in paperless mode, while Protean will be able to further expand
the coverage of PAN services across the country, especially to remote locations,
through a PayNearby store.

Anand Kumar Bajaj, founder, managing director and CEO, PayNearby, said, “With
this association, we look to offer all the citizens of the country the
availability of PAN card services at a neighborhood store. This will enhance its
uptake and make this unique identification popular amongst all at the last
mile."

The partnership will bring the underbanked and unbanked segments of the
population within the tax fold through trusted local touchpoints, add to the
country’s tax kitty and provide micro-entrepreneurs with an additional source of
revenue.

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Suresh Sethi, managing director and CEO, Protean eGov Technologies, said, “We
are delighted to partner with PayNearby as part of our strategy to contribute to
a financial ecosystem that offers socio-economic benefits across all strata of
the society. Our partnership will help to advance our shared vision of an
inclusive and empowered India. This initiative is aligned with our mission to
leave no citizen behind and bring the digitally excluded into the fold of formal
financial economy."

Incepted in April 2016, PayNearby is a DPIIT-certified company and India’s
leading branchless banking and digital payments network.

PayNearby, through its tech-led DaaS (Distribution as a Service) network, serves
75% of India and is enabling services like cash withdrawal, remittance, Aadhaar
banking, bill payment and recharges, savings, travel, digital payments,
insurance and more.


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