Wirecard further digitizes payment processes for Indian citizens together with government-owned company UTI Infrastructure Technology and Services Limited

Aschheim (Munich)/Chennai (ots) -

- So-called PAN cards are essential for all citizens in India to
carry out most financial transactions and also as proof of identity
- Wirecard's retail agents in India collect documents needed for PAN
cards and digitize them across 350 cities nation-wide

Wirecard, the global innovation leader for digital financial
technology, has partnered with India's government-owned company UTI
Infrastructure Technology and Services Limited (UTIITSL), to
facilitate the issuing of physical and digital taxpayer
identification cards, also known as PAN (Permanent Account Number)
cards. For this, Wirecard's retail agents in India collect documents
needed for PAN cards, digitize and forward them to UTIITSL who issues
the cards and sends them directly to the customer.

Wirecard provides hundreds of thousands of people daily with
access to affordable financial services and other related services
such as ticketing, mobile top-up, insurance or logistics through its
nation-wide retail agent network and offers tens of thousands of
retailers the opportunity to earn extra money by driving financial
inclusion in India.

Anil Kapur, Managing Director India at Wirecard, said, "As the
partner of choice for one of India's leading government-owned
financial service providers, we are delighted to be part of the
project to bring PAN cards to more people. Through this cooperation,
we have proven Wirecard's power in global technology services and our
ability to create solutions for a wide range of consumers and
industries to create a better tomorrow for all."

Every citizen in India requires a PAN card. The card is required
to carry out most financial transactions, ranging from opening a bank
account to transferring money, but can also serve as proof of
identity. UTI Infrastructure Technology and Services Limited already
has a network of 62 branches across India and, through the
collaboration with Wirecard, nearly 350 cities will be served by
approximately 15,000 Wirecard agents which are authorized to collate
and forward citizens' documents for PAN cards.

As one of the two service providers authorized to issue PAN cards
in both digital (ePAN) and physical formats, UTI Infrastructure
Technology and Services Limited provides technology services to the
financial and government sectors of India. With the PAN card, tax
entities and individuals alike can keep track of tax payments and
declarations, since all information is stored in a centralized
database and all financial transactions can be identified. In
addition, PAN cards are an effective measure against tax evasion in
India.

Watch this video (https://youtu.be/Vcs7kcbuPAE) to find out more
about PAN cards in India.

About Wirecard:

Wirecard (GER:WDI) is one of the world's fastest growing digital
platforms in the area of financial commerce. We provide both business
customers and consumers with a constantly expanding ecosystem of
real-time value-added services built around innovative digital
payments by using an integrated B2B2C approach. This ecosystem
concentrates on the areas payment & risk, retail & transaction
banking, loyalty & couponing, data analytics & conversion rate
enhancement in all sales channels (online, mobile, ePOS). Wirecard
operates regulated financial institutions in several key markets and
holds issuing and acquiring licenses from all major payment and card
networks. Wirecard AG is listed on the Frankfurt Stock Exchange (DAX
and TecDAX, ISIN DE0007472060). Visit us on www.wirecard.com, follow
us on Twitter @wirecard and on Facebook @wirecardgroup.

About UTI Infrastructure Technology and Services Limited:

Established in 1993, UTI Infrastructure Technology and Services
Limited (UTIITSL) is a government-owned company that provides
technology and outsourcing services to the financial and government
sectors of India. UTIITSL is one of the largest Financial Service
Providers in India - SEBI approved Category 1 - Registrar and
Transfer Agent, offering R&T services to the investors of Mutual Fund
AMC, Bond/ Deposit/ shareholders of Corporate, Financial Institutions
and Government Companies. UTIITSL has four Regional Offices and
multiple Branch Offices in India. With these locations spread over 60
cities across the country, UTIITSL has proven market leadership in
the administration of Mutual funds, PAN Card Issuance and Printing,
Insurance Services (Medical Bill Processing), e-Governance and
Technology. UTIITSL delivers complete customer satisfaction to its
retail and institutional customers, by harnessing IT and best
practices to achieve growth, competitiveness and productivity.

Wirecard media contact:

Wirecard AG
Jana Tilz
Tel.: +49 (0) 89 4424 1363
Email: jana.tilz@wirecard.com

Original-Content von: Wirecard AG, übermittelt durch news aktuell