Paramotor ties up with NSDL Payments Bank for co-branded prepaid cards ahead of IPO
The fintech, which filed confidentially for a main-board listing in May, will issue co-branded prepaid cards with NSDL Payments Bank. Neither company disclosed terms, volumes or a launch date.
Fintech Paramotor Digital Technology has signed a co-branded partnership with NSDL Payments Bank to issue prepaid cards in India, supporting its SpendPro spend-management, yayyy.shop gifting and RewardOn loyalty platforms. The companies did not disclose financial terms, card volumes or a launch date. Paramotor, founded in 2016, filed a confidential draft red herring prospectus with SEBI in May 2026 for a main-board IPO, with Motilal Oswal and Equirus as lead managers; because the filing is confidential, its financials are not public. NSDL Payments Bank will provide the issuance infrastructure and regulatory framework, the companies said.
