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‘PayNearby Shopping Card’

Published on December 06, 2020
Current Context: PayNearby Technologies Pvt Ltd. In partnership with Yes Bank and NPCI launched the ‘PayNearby Shopping Card’.
‘PayNearby Shopping Card’
  • The ‘PayNearby Shopping Card’ is powered by RuPay and is launched to offer benefits to the e-commerce industry.
  • This will enable PayNearby retailers to avail digital services, like ecommerce, e-learning, online gaming, online music and videos, monthly recharges and utility payments in a secure, risk-free mode.
  • For this card, the maximum wallet balance is upto Rs 1 lakh and can be used for transactions up to Rs 5 lakhs monthly and Rs 25 lakhs annually.
  • There is also lock and unlock card feature and the user can also get the summary of transactions in order to keep spending in check mode.
  • Static Part: 
    • HQ of PayNearby Technologies Pvt Ltd: Mumbai
    • HQ of Yes Bank: Mumbai
    • MD and CEO of Yes Bank: Prashant Kumar
    • Tagline of Yes Bank: Experience our Expertise
    • HQ of NPCI: Mumbai


Q.1 In partnership with whom PayNearby Technologies Pvt Ltd. Launched ‘PayNearby Shopping Card’?
a. ICICI Bank and WhatsApp
b. Yes Bank and NPCI
c. Data Security Council of India and Bandhan Bank
d. HDFC Bank and MasterCard
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