It launches prepaid cards with Mastercard Asia/Pacific and NSDL Payments Bank
FinTech BizNews Service
Mumbai, 11 September, 2026: Paramotor Digital Technology Limited (“Paramotor”) today made announcements in relation to certain arrangements, aimed at strengthening its presence across digital payments, gifting, and rewards solutions.
Paramotor, in collaboration with NSDL Payments Bank Limited (“NSDL Payments Bank”) and Mastercard Asia/Pacific Pte. Ltd., is enabling the launch of new gift cards and prepaid cards designed to offer consumers a secure, convenient and seamless payment experience. This arrangement brings together Paramotor’s platform capabilities, NSDL Payments Bank’s banking infrastructure and Mastercard’s global payments network.
Paramotor also announced an agreement with TBX (formerly TransBnk) to expand the distribution and reach of our platform ecosystem which aims to combine Paramotor’s capabilities in digital payments, rewards, loyalty, gifting and enterprise-led consumer engagement with TBX’s transaction banking and financial infrastructure capabilities. Together, through the agreement, the companies are aiming to explore opportunities to develop scalable solutions for enterprises and the broader financial ecosystem.
Further expanding its digital gifting portfolio, Paramotor has partnered with Osmo Atorie LLP, a character merchandise brand to provide the technology and infrastructure services for Osmo Atorie’s closed-loop card launched at GFF.
Commenting on the announcements, Sonia Pankaj Asher, Executive Chairperson and Whole-time Director, Paramotor Digital Technology Limited, said, “These collaborations are aimed at building connected, digital-first value infrastructure for consumers and enterprises. By entering into arrangements across banking, payments, transaction infrastructure and consumer brands, we aim to expand the possibilities of how value can be created, distributed and experienced. We are delighted to announce these arrangements at the Global Fintech Festival.”
Through its portfolio of technology platforms and partnerships, Paramotor continues to build an integrated ecosystem spanning digital gifting, consumer spend management, rewards and loyalty, payments, and enterprise technology solutions.
