Current Affairs PDF

Mobisafar partnered with YES BANK, NPCI to launch ‘Mobisafar Virtual RuPay Prepaid Card’

AffairsCloud YouTube Channel - Click Here

AffairsCloud APP Click Here

Mobisafar partners with YES BANK and NPCI to launch Mobisafar Virtual RuPay Prepaid Card

On April 5, 2021, Mobisafar Services Private Limited, a Fintech start-up made a partnership with YES BANK & with National Payments Corporation of India (NPCI) for Rupay to launch ‘Mobisafar Virtual RuPay Prepaid card’.

About ‘Mobisafar Virtual RuPay Prepaid Card’:

  • The prepaid card will provide an easier way to access the wallet through both the
    mobile app and desktop with a reloadable limit.
  • Benefits: The card can be used for many common booking purposes such as booking
    of airline tickets, movie tickets, hotels, retail shopping, and groceries.
  • The card was established in accordance with the Government of India’s vision for
    ‘Make in India’ and ‘Atmanirbhar Bharat.”


  • Inauguration of the The Mobisafar Virtual RuPay Prepaid card was done by the former Cricketer Kapil Dev along with Abhishek Pandey and Ajitesh Pandey, (founders of Mobisafar).
  • Vivek Manchanda, YES Bank’s Digital Marketing Head and Nitin Gupta, NPCI also took part in the inauguration as a special guest.

Prepaid cards vs. credit cards:

  • While using credit cards the customer will be borrowing the money in case of Prepaid cards the customer will be spending the money which was loaded already onto the card in advance.

Mobisafar Services Private Limited:

  • It is involved in Insurance and pension funding and provides payments solutions to the masses through its strong Agent Network using Semi-Closed Wallet.
  • Services Include – Domestic Money Transfer (DMT), cash withdrawal, Mini ATM (AEPS), PAN Card applications, travel bookings, Insurance, BBPS, Indo Nepal Money Transfer.
  • Mobisafar has its existence over 13000+ pin codes along India with 1.5 lacs Business Correspondent (BC) agents.

Recent Related News:

On March 08, 2021, In the event of International Women’s Day Yes Bank launched a banking proposition called ‘YES Essence’ service to offer preferentially – priced loans and healthcare benefits for women customers.

About Mobisafar Services Private Limited:

Establishment – 2015
Headquarters – Ludhiana, Punjab
CEO – Abhishek Kumar Pandey

About YES Bank:

Establishment – 2004
Headquarters – Mumbai, Maharashtra
MD&CEO – Prashant Kumar
Tagline– Experience our Expertise