Diwali brings amazing earning opportunities to our ‘Offline Retail Network’

Blog post 6 nov

The festival of light proclaims prosperity and success, it brings an atmosphere of growth where every business tries their best to cash in on the festive season and grow. Our business model being symbiotic the only way for us to grow is when our agents and network upgrade and earn more income during the festivals. Keeping that in mind we already have launched gamut of services that will equip and enable our retailers and help them secure their future and give them opportunities to grow.

Diwali begets the rise in online sales of apparels and electronics. A traditional offline retail shop normally suffers a lot due to not being able to compete with the online organised retail platforms. Today we prefer online platforms not because we get offers which normally are just a marketing tool to attract more customers but mainly because of the convenience of payment, EMI options and home deliveries. The rise of digital payments has changed the buying behaviour of customers, especially in urban and semi-urban areas. This brings together opportunities for the companies to track, monitor and analyse a person’s buying habits. Online retail forestalls the growth of offline in many ways but the tide is about to change.

A Pay1 retailer today can provide the same if not more services; by being a part of the Pay1 platform the merchant gets access to various services that help them help their customers avail better services. We are at a point where today if a merchant becomes a Pay1 merchant he/she will take the transactions entirely digital, avail personal loans or sell mutual funds and insurance and become a travel booking agent, provide mini atm services point or sell high end and in-demand products including mobile phones or mobile accessories at a competitive market price we have already written about this here. The hybrid of offline reach and the online retail market is how the retail sector in India is going to evolve. Online does not guarantee reach-ability but our platform does to our retailers/partner companies. We have created a perfect hybrid by taking the best from both the worlds and moulded it into a scalable Pay1 merchant platform.

This festive season, especially for the Pay1 retailer, has become profitable and it will continue to be so considering that we have only just begun. As we have mentioned before the retail market will evolve when the online and offline retail work together, the digital business integrated into the offline unorganised market has not only helped develop the Pay1 retailers but also the market they operate in.

This Diwali has been extremely good, to see our merchants progress the way they have and also some couple of service launches especially Digital gold’s which has been integrated on the Pragati platform. There are more services that are going to be launched soon which will bridge the gap between Offline and Online e-commerce retail market.

PAN कार्ड की उपयोगिता और अहमियत


blog 17oct main

PAN कार्ड आज एक बेहद ज़रूरी और अहम दस्तावेज़ बन गया है जिसकी ज़रूरत तकरीबन हर जगह लगती है. इसकी ज़रूरत को देखते हुए Pay1 ने  PAN कार्ड सर्विस शुरू की है. इस सर्विस के द्वारा अब Pay1 रीटेलर्स ग्राहकों को PAN कार्ड बनाने मे उनकी मदद कर सकते हैं और हर कार्ड पर एक अच्छी ख़ासी फीस कमा सकते हैं. इससे दुकानदारों की आमदनी मे काफ़ी बढ़ोत्तरी होगी.

भारत सरकार ने सन 1964 मे PAN कार्ड की शुरुआत की थी जिसके द्वारा नागरिकों के आर्थिक लेनदेन, आय और टैक्स  ट्रांसजेक्शन्स की निगरानी और गणना हो सके. 55 साल बाद भी इसका शुरुआती उद्देश्य आज भी बरकरार है बल्कि आज PAN कार्ड की उपयोगिता और बढ़ गयी है. अब PAN कार्ड की ज़रूरत टैक्स  रिटर्न्स भरने, बैंक खाता खुलवाने और लोन लेने जैसे कार्यो मे पड़ती है. कई चीज़ों के बारे मे तो आमजन अभी भी जागरूक नही है.

blog 17oct – infographic

  1. वाहन-गाड़ियों की खरीद – अगर कोई व्यक्ति चार पहिया वाहन खरीदना चाहता है तो इसके लिए उसे PAN कार्ड की ज़रूरत पड़ेगी.
  2. ज्वेलरी- गहनों की खरीद – दो लाख से ज़्यादा ज्वेलरी- गहनों की खरीद पर PAN कार्ड नंबर देना पड़ेगा.
  3. निवेश – विभिन्न प्रकार के म्यूचुयल फंड, बॉन्ड, सिक्योरिटीज आदि जिनकी निवेश राशि 50000 रू से ज़्यादा है तो इसमे PAN कार्ड जमा करना बेहद ज़रूरी होगा.
  4. पहचान का प्रमाण – काफ़ी जगह PAN कार्ड को पहचान प्रमाण पत्र के तौर पर स्वीकार किया जाता है. ड्राइविंग लाइसेन्स और पासपोर्ट बनवाने मे PAN कार्ड आयु प्रमाण पत्र के तौर पर दिया जा सकता है.
  5. करेन्सी एक्सचेंज – किसी भी विदेशी करेन्सी के इंडियन करेन्सी के साथ एक्सचेंज के लिए PAN कार्ड ज़रूरी है.
  6. संपत्ति की खरीद – बिक्री पर – संपत्ति की खरीद बिक्री पर PAN कार्ड की ज़रूरत पड़ेगी.
  7. फिक्स्ड एवं कैश डिपोजिट – किसी भी प्रकार के कैश डिपोजिट जिनकी निवेश राशि 50000 रू या उससे ज़्यादा है तो PAN कार्ड की कॉपी देनी पड़ेगी.
  8. इंश्योरेन्स प्रीमियम के लिए – इंश्योरेन्स प्रीमियम की भुगतान राशि अगर 50000 रू से ज़्यादा है तो वहाँ पर PAN कार्ड विवरण देना होता है.

PAN कार्ड के कई कारोबारी और व्यक्तिगत फ़ायदे हैं पर अभी भी बहुत सारे भारतीय इसके फ़ायदों  से दूर् है क्योंकि उन्हे PAN कार्ड की पूरी तरह से जानकारी नही है. PAN कार्ड सर्विस लाने का हमारा प्राथमिक उद्देश्य लोगों को जागरूक करना और उनकी जानकारी बढ़ाना है ताकि आमजन ज़्यादा लाभ ले सकें. Pay1 रीटेलर को भी इस सर्विस का बेहद फ़ायदा मिलेगा. यह सिर्फ़ एक सर्विस नही है बल्कि रीटेलर्स की आमदनी बढ़ाने का एक अच्छा माध्यम है. PAN कार्ड सर्विस के द्वारा रीटेलर अपने ग्राहकों के PAN कार्ड बनाने मे उनकी मदद कर सकते हैं और उनकी ओर से PAN कार्ड के लिए आवेदन कर सकते है.

The Importance of PAN Card

blog 17oct main

The PAN Card acronym for Permanent Account Number is an identity card that we all have but apart from a simple KYC document hardly do we know the full extent of its importance. We recently launched the PAN card service which facilitates simplicity of its creation to the general public. Pay1 merchants will now be able to assist their customers in issuing the PAN card on a basic fee; this will also help the same merchants to earn more commissions on the same.

The government of India started publishing the PAN Cards in the year 1964 and one of the Primary purposes of the PAN card was to reduce tax evasion and help the government better track monetary transactions of the citizens of India. The primary motive of PAN Card remains the same even after 55 years of it being in the market. But there are other uses of the service apart from filing tax returns, bank account opening or loan application that many of us are not aware of.

blog 17oct – infographic

  1. Purchasing of Vehicles – Any person is planning to purchase a 4 wheeler it becomes necessary for the person to present his/her PAN Card.
  2. Purchase of Jewellery – While buying jewellery which costs more than 2 lakhs, it is mandatory for the person to present the PAN Card during the purchase.
  3. Investments – Investing in securities, mutual funds, bonds and debentures with the transaction of more than Rs 50,000 will require PAN Details.
  4. Identity Proof – The PAN Card is a widely accepted proof of identity. Creation of Driving License or Passport etc. optionally requires a PAN Card.
  5. Currency Exchange – Any foreign exchange with Indian currency will require PAN card details.
  6. Renting/Selling/Buying a Property – Anything in relation to the aforementioned point needs a proof of PAN Card.
  7. Fixed and Cash Deposit – Any deposits valuing more than Rs 50,000 or above will require a PAN Card Copy.
  8. Payment of Insurance premiums – Payment made towards Insurance premiums that are exceeding more than Rs 50,000 requires PAN details.

There are many use cases of PAN Card for businesses and an individual alike but as with many identity cards, many Indians are bereft of the benefits that these ID cards provide. The Primary motive for us to introduce PAN Card service is to create awareness of it specifically in the markets where the importance of such IDs has not been understood to its full extent. Pay1 Merchants will facilitate the promotion of the PAN Card service in such markets. This will not only add one more service to the collection of a wide range of services that the Pay1 merchant has but will also help them earn more commissions.

We will have more communication on the benefits of the PAN Card service for the retailers in detail in the near future, along with the benefits of the other services that we are planning to launch in the coming months.