Current Affairs - Finance - Discussion

NSDL Payments Bank entered into a co-branded partnership with Paramotor Digital Technology Ltd on August 21, 2026, to launch industry-specific prepaid cards across India. The partnership will support prepaid card solutions for both enterprises and consumers across various payment networks. Paramotor Digital will use the banking infrastructure of NSDL Payments Bank for card issuance. The collaboration will cover platforms such as SpendPro for consumer spending management, Yayyy.shop for digital gifting, and RewardOn for rewards and loyalty services. All payment solutions developed under the partnership will comply with RBI regulations and be integrated with secure existing payment networks.