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Paramotor Digital and NSDL Payments Bank: Co-Branded Prepaid Cards

22 August 20261 min read
BANKING & FINANCEParamotor Digitaland NSDL PaymentsBank: Co-BrandedPrepaid Cards22 August 2026safalsetu.com

Why in the news

A fintech firm and a payments bank agreed to jointly offer prepaid card products across India.

Key facts

  • Partners: Paramotor Digital Technology and NSDL Payments Bank.
  • Product: co-branded prepaid cards.
  • Uses: spending, gifting, rewards and loyalty.
  • Compliance: RBI regulations.
  • Paramotor platforms: SpendPro, Yayyy.shop and RewardOn.
  • IPO: confidential draft papers filed with SEBI in May 2026.

Exam angle

  • Type of bank: NSDL Payments Bank.
  • Regulator of the prepaid cards: RBI.
  • Regulator receiving the draft IPO papers: SEBI.

Test yourself

1. Which payments bank partnered with Paramotor Digital Technology for co-branded prepaid cards?

The partner is NSDL Payments Bank.

2. The Paramotor-NSDL prepaid card solutions will comply with rules of which regulator?

The prepaid solutions comply with RBI regulations.

3. Paramotor Digital filed confidential draft IPO papers with which regulator in May 2026?

The draft papers were filed with SEBI.

This topic is part of Daily Current Affairs 21 August 2026 (25 topics).

All topics of the dayDay quizAugust 2026

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