Paramotor Digital partners with NSDL Payments Bank to issue prepaid cards

Exam-focused facts from the 23 August 2026 current affairs briefing.

Key facts

Paramotor Digital Technology Ltd has entered into a co-branded partnership agreement with NSDL Payments Bank to issue prepaid cards across India.
The partnership will support Paramotor's consumer spend management, digital gifting, and rewards and loyalty platforms, including SpendPro, Yayyy.shop, and RewardOn.
The partnership will leverage NSDL Payments Bank's prepaid card issuance services and banking infrastructure for secure, RBI-compliant prepaid payment solutions.
Paramotor Digital filed draft papers with the Securities and Exchange Board of India (SEBI) in May 2026 for an initial public offering (IPO) through the confidential route.