Canonical URL: https://giftcard.news/payments-technology/paramotor-partners-with-nsdl-payments-bank-and-mastercard-for-gift-and-prepaid-cards/ --- description: Paramotor announced gift and prepaid card work with NSDL Payments Bank and Mastercard, a TBX distribution agreement and closed-loop card services for Osmo Atorie. title: Paramotor partners with NSDL Payments Bank and Mastercard for gift and prepaid cards image: https://giftcard.news/images/social/v1/paramotor-partners-nsdl-payments-bank-mastercard-gift-prepaid-cards-e1fdeeec6ee82bc919f7edb0713fbfc1.jpg --- 1. [Home](https://giftcard.news/) 2. [Payments & Technology](https://giftcard.news/payments-technology/) 3. Paramotor partners with NSDL Payments Bank and Mastercard for gift and prepaid cards [Payments & Technology](https://giftcard.news/payments-technology/) News # Paramotor partners with NSDL Payments Bank and Mastercard for gift and prepaid cards Paramotor announced gift and prepaid card work with NSDL Payments Bank and Mastercard, a TBX distribution agreement and closed-loop card services for Osmo Atorie. By [Daniel Brooks](https://giftcard.news/author/daniel-brooks/) Published: September 11, 2026 at 11:23 AM 1 min read Share [ ](https://x.com/intent/post?url=https%3A%2F%2Fgiftcard.news%2Fpayments-technology%2Fparamotor-partners-with-nsdl-payments-bank-and-mastercard-for-gift-and-prepaid-cards%2F%3Futm%5Fsource%3Dx%26utm%5Fmedium%3Dsocial&text=Paramotor%20partners%20with%20NSDL%20Payments%20Bank%20and%20Mastercard%20for%20gift%20and%20prepaid%20cards "X") [ ](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fgiftcard.news%2Fpayments-technology%2Fparamotor-partners-with-nsdl-payments-bank-and-mastercard-for-gift-and-prepaid-cards%2F%3Futm%5Fsource%3Dlinkedin%26utm%5Fmedium%3Dsocial "LinkedIn") [ ](https://wa.me/?text=Paramotor%20partners%20with%20NSDL%20Payments%20Bank%20and%20Mastercard%20for%20gift%20and%20prepaid%20cards%20https%3A%2F%2Fgiftcard.news%2Fpayments-technology%2Fparamotor-partners-with-nsdl-payments-bank-and-mastercard-for-gift-and-prepaid-cards%2F%3Futm%5Fsource%3Dwhatsapp%26utm%5Fmedium%3Dsocial "WhatsApp") ![Paramotor Digital Technology article image supplied by ET BFSI](https://giftcard.news/images/variants/v1/paramotor-partners-nsdl-payments-bank-mastercard-gift-prepaid-cards-digital-technology-article-w1200.webp) Photo: Source: bfsi.economictimes.indiatimes.com [Paramotor Digital Technology](https://giftcard.news/company/paramotor-digital-technology/) has announced collaborations with [NSDL Payments Bank](https://giftcard.news/company/nsdl-payments-bank/) and [Mastercard](https://giftcard.news/company/mastercard/) Asia/Pacific to support new gift cards and prepaid cards. The company’s September 11 statement, reported by PTI, brings together Paramotor’s technology platform, the bank’s infrastructure and Mastercard’s payment network. The card initiative is part of a wider set of arrangements covering digital payments, gifting and rewards. Paramotor also signed an agreement with [TBX](https://giftcard.news/company/tbx/), formerly known as TransBnk, to broaden distribution of its platform ecosystem. The two companies are exploring services for enterprises and the wider financial sector. A separate partnership with merchandise company [Osmo Atorie](https://giftcard.news/company/osmo-atorie/) covers technology and infrastructure for a closed-loop card introduced at the Global Fintech Festival. Paramotor described its role in that product as providing the supporting services. [Sonia Pankaj Asher](https://giftcard.news/person/sonia-pankaj-asher/), Paramotor’s executive chairperson and whole-time director, said the collaborations form part of its work on connected digital value services for consumers and enterprises. The announcements follow Paramotor’s confidential submission of draft initial public offering documents to India’s Securities and Exchange Board in May. The report did not give a fundraising amount or an offering timetable. ## Sources and documents ExpandCollapse * [PTI / ET BFSI](https://bfsi.economictimes.indiatimes.com/articles/ipo-bound-paramotor-announces-partnerships-with-nsdl-payments-bank-mastercard-tbx/134063211?utm%5Fsource=giftcard.news) — PTI / ET BFSI ## In this article ### Companies * [Mastercard](https://giftcard.news/company/mastercard/) * [NSDL Payments Bank](https://giftcard.news/company/nsdl-payments-bank/) * [Osmo Atorie](https://giftcard.news/company/osmo-atorie/) * [Paramotor Digital Technology](https://giftcard.news/company/paramotor-digital-technology/) * [TBX](https://giftcard.news/company/tbx/) ### People * [Sonia Pankaj Asher](https://giftcard.news/person/sonia-pankaj-asher/) Share [ ](https://x.com/intent/post?url=https%3A%2F%2Fgiftcard.news%2Fpayments-technology%2Fparamotor-partners-with-nsdl-payments-bank-and-mastercard-for-gift-and-prepaid-cards%2F%3Futm%5Fsource%3Dx%26utm%5Fmedium%3Dsocial&text=Paramotor%20partners%20with%20NSDL%20Payments%20Bank%20and%20Mastercard%20for%20gift%20and%20prepaid%20cards "X") [ ](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fgiftcard.news%2Fpayments-technology%2Fparamotor-partners-with-nsdl-payments-bank-and-mastercard-for-gift-and-prepaid-cards%2F%3Futm%5Fsource%3Dlinkedin%26utm%5Fmedium%3Dsocial "LinkedIn") [ ](https://wa.me/?text=Paramotor%20partners%20with%20NSDL%20Payments%20Bank%20and%20Mastercard%20for%20gift%20and%20prepaid%20cards%20https%3A%2F%2Fgiftcard.news%2Fpayments-technology%2Fparamotor-partners-with-nsdl-payments-bank-and-mastercard-for-gift-and-prepaid-cards%2F%3Futm%5Fsource%3Dwhatsapp%26utm%5Fmedium%3Dsocial "WhatsApp") ![Portrait of Daniel Brooks](https://giftcard.news/images/variants/v1/daniel-brooks-editorial-portrait-w320.webp) About the author ## [Daniel Brooks](https://giftcard.news/author/daniel-brooks/) Journalist — Payments, Security & PCI DSS Daniel Brooks covers payment networks, financial technology, payment security, gift card fraud and PCI DSS for Gift Card News. From reading to building ## Your next move in gift cards. Tell us what you’re building. We’ll help you explore suitable providers. [Find a provider ](https://giftcard.news/find-a-provider/) ## Related articles [Payments & Technology](https://giftcard.news/payments-technology/) News ### [Reloadly explains gift card API supply behind employee recognition catalogues](https://giftcard.news/payments-technology/reloadly-explains-gift-card-api-supply-behind-employee-recognition-catal-2d199cff320e/) [Emma Carter](https://giftcard.news/author/emma-carter/) September 10, 2026 2 min [Payments & Technology](https://giftcard.news/payments-technology/) News ### [Whop Compares Cross-Border Payout APIs, Recipient Portals and Compliance Tools](https://giftcard.news/payments-technology/whop-compared-to-13-other-global-payout-platforms-for-cross-border-payme-3a231c835a3b/) [Oliver Reed](https://giftcard.news/author/oliver-reed/) September 7, 2026 2 min [Payments & Technology](https://giftcard.news/payments-technology/) News ### [Reloadly sets out gift card fulfillment API criteria for loyalty 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