back Back

Protean and Fino Payments Bank tie-up to expand PAN card issuance in India

By Leandra Monteiro

November 30, 2022

  • Digital Payments
  • fino payments bank
  • India
Share

Protean, Fino Payments Bank Fino Payments Bank has tied up with Protean eGov Technologies to expand PAN card issuance services in India, especially in rural areas.

The association makes Fino the first payments bank to act as PAN Service Agency (PSA) of Protean and facilitate paperless PAN issuance services. The tie-up allows Protean to expand its reach in the interiors of the country through Fino Bank’s phygital network of over 12.2 lakh merchant points.

At Fino Bank points people can apply for PAN card through Aadhaar-based authentication, without the need to submit or upload any documents. Further, applicants have the option to choose PAN card either in digital or physical form. The digital version or e-PAN, introduced recently, will be sent within a few hours of applying to the applicant’s email id. It is admissible as actual PAN card. Those opting for physical will receive their PAN cards at their Aadhaar mentioned address within 4-5 working days.

Rishi Gupta, MD & CEO, Fino Payments Bank said, “The association is a reiteration of our commitment to provide all financial related services under one roof. Our extensive pan India distribution network is best placed to provide efficient near doorstep delivery of G2C services. We are already facilitating disbursal of direct benefit transfer payments of various Government schemes and providing last mile access to banking services. We are pleased to partner with Protean towards their efforts to expand PAN coverage across the country and in the process ensure our objective of making every citizen financially secure is achieved.”

Suresh Sethi, Managing Director and CEO, Protean eGov Technologies, said, “We are delighted to partner with Fino Payments Bank 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.”

Previous Article

November 30, 2022

Ashman launches SME loan origination offering on Mambu

Read More
Next Article

November 30, 2022

Regnology hops on Google Cloud to boost regulatory reporting offering

Read More








IBSi Daily News Analysis

South East Asia

February 28, 2024

Digital Payments

FinTech penetration in Southeast Asia will double by 2027, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

3 UAE-based money transfer apps facilitating remittances

Read More

Today

EazyPay & Visa team to facilitate account-to-account fund transfers

Read More

Today

Middle East remittance sector set to surge with digital innovation, study shows

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023