PAN Card is a Permanent Account Number, which is issued by the income tax department to prevent from eluding taxes. PAN is a 10-digit alphanumeric universal identification number which track your all financial activities.
Bharat Bill Payment Method (BBPS) is an RBI mandated, a centralized and interoperable invoice payment
system which enables a client to pay bills online as well as offline across geographies with
certainty, reliability, and safety of the trade. BBPS is a frequent platform to cover various
utility bills like electricity, water, gas, phone and direct-to-home (DTH) television service,
etc. ) from a single website or socket utilizing multiple payment modes such as internet banking,
credit cards, debit cards, e-wallets, and even by cash in case of offline mode, and get instant
confirmation.
APIs are used by a lot of banks all over the world. They're a very significant part of the banking system. They may be used to get data for both internal and external usage. They're also used to collect and collate data. APIs are also employed by global organizations such as the World Bank and others who have substantial datasets with customers in various locations all around the globe who should access it.