PayNearby, YES Bank, NPCI partner to launch the PayNearby Shopping Card

Thursday 3 December 2020 15:34 CET | News

India-based fintech PayNearby has partnered with YES Bank and National Payments Corporation of India to launch the PayNearby Shopping Card.

The new offering aims to boost online transactions in ecommerce purchases, monthly utility payments, mobile recharges, online education subscriptions, and more. The prepaid card operates similarly to a debit card, however, unlike the latter, the PayNearby Shopping Card is linked to a PayNearby wallet rather than a bank account. PayNearby offers users the ability to lock and unlock the card digitally while also offering a summary of the transaction statement, assisting users with keeping track of their spending.

PayNearby retailers offer a host of services such as travel ticket booking, utility bill payment, and mobile recharges to the local population that requires a digital way of paying.

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Keywords: PayNEARBY, YES Bank, NPCI, partnership, product launch, India, Asia, PayNearby Shopping Card, card, retailers
Categories: Payments & Commerce
Countries: India
This article is part of category

Payments & Commerce