🏦
Banking
🔴 High
Paramotor Digital – NSDL Payments Bank Partnership
📅 Published 21 Aug 2026 · Aug 2026
Paramotor Digital – NSDL Payments Bank Partnership
Category: Banking / FinTech / Digital Payments
- Paramotor Digital Technology Ltd. partnered with NSDL Payments Bank.
- Purpose: issue co-branded prepaid cards across India.
- Applications include:
- Consumer spending management.
- Digital gifting.
- Rewards and loyalty.
- Platforms include:
- SpendPro.
- Yayyy.shop.
- RewardOn.
- Partnership aims to provide RBI-compliant prepaid payment solutions.
- Paramotor Digital filed confidential IPO draft papers with SEBI in May 2026.
Key Pointers:
- Paramotor Digital + NSDL Payments Bank.
- Product → co-branded prepaid cards.
- Sector → FinTech.
📝 Relevant Exams:
UPSC, SSC