Why is a PAN card mandatory for using Unocoin?

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Answer
Vaibhav Bakshi
Vaibhav Bakshi
  • Answer written
  • 1 Year ago

Since all transactions occur between bank accounts, it is a regulatory requirement to know the sender/recipient within a transaction. To protect users against illegal activities and to comply with KYC/AML regulation, it is required to collect your PAN card. A PAN card uniquely identifies you as an individual or institution performing a particular transaction.


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