Paramotor Digital Partners with NSDL Payments Bank for Prepaid Cards in India

Paramotor Digital Technology announced a partnership with NSDL Payments Bank on Aug 17, 2026, to launch co-branded prepaid cards across India. Under the arrangement, NSDL Payments Bank supplies the banking license and digital infrastructure for card issuance. Paramotor integrates the cards into its spend management tool SpendPro, digital gifting service Yayyy.shop, and loyalty platform RewardOn.

The prepaid products follow Reserve Bank of India compliance standards for prepaid payment instruments. Paramotor filed confidential draft papers with SEBI in May 2026 ahead of a planned IPO. On Aug 06, 2026, the company also entered a similar prepaid card arrangement with Aditya Birla Capital Digital.

Financial terms were not disclosed.