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Partnership · Financial Services

Paramotor announces four fintech partnerships in Mumbai

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Date
Company
Paramotor Digital Technology Limited
What it does
Fintech SaaS for spend management
Kind
Partnership
Based in
Mumbai
Sector
Financial Services

What they do

Paramotor provides fintech SaaS (software as a service) solutions for consumer spend management, digital gifting, prepaid cards, and enterprise rewards and…

What happened

The company announced four new business arrangements at the Global Fintech Festival, including collaborations with NSDL Payments Bank, Mastercard, TBX, and…

Why it matters

These partnerships aim to expand the company's platform distribution and integrate its digital payment infrastructure with transaction banking services for…

The details

  • Paramotor announced four business arrangements at the Global Fintech Festival held in Mumbai on September 11, 2026.
  • The company is collaborating with NSDL Payments Bank and Mastercard Asia/Pacific to enable new gift and prepaid card offerings.
  • This partnership includes the introduction of the NSDL RuPay Reloadable Prepaid Card for consumers.
  • Paramotor signed an ecosystem agreement with TBX to combine its payment and loyalty tools with TBX's transaction banking infrastructure.
  • The company partnered with Osmo Atorie LLP to provide the technology for a new closed-loop e-gift card product.
  • Executive Chairperson Sonia Pankaj Asher stated these moves aim to build a connected value infrastructure for consumers and enterprises.

The bigger picture

  • The company focuses on creating flexible and scalable digital infrastructure for businesses of all sizes.
  • Paramotor emphasizes security by utilizing end-to-end encryption for every transaction processed on its platforms.
  • The new agreements are designed to significantly expand the distribution reach of the company's existing fintech platform.

About the business

  • Paramotor offers a suite of fintech SaaS products including SpendPro, yayyy.shop, RewardOn, and DevStack.
  • SpendPro is a direct-to-consumer spend management platform featuring virtual cards, real-time transaction feeds, and instant card freezing capabilities.
  • yayyy.shop acts as a digital gifting platform that provides access to gift cards from over 232 brands.
  • RewardOn serves corporate clients by providing tools to design and manage incentive programs for employees and channel partners.
  • DevStack offers technical development services for companies seeking custom enterprise software applications.
  • The company's solutions are built to be flexible and scalable for businesses ranging from small startups to large enterprises.

What happens next

  • The company plans to explore scalable enterprise solutions by integrating its loyalty and gifting tools with TBX's banking infrastructure.

The deal

Type
partnership

Founders

  • Rahul Anand, Founder

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