Pensionbazaar, a brand under Paisabazaar, has partnered with electric mobility platform Zypp Electric to provide National Pension System (NPS) enrolment to eligible gig delivery partners. The initiative aims to improve access to structured retirement savings among workers in India’s growing gig economy.
Digital Pension Enrolment for Delivery Partners
Under the partnership, eligible Zypp Electric delivery partners can enrol in the NPS through a consent-based digital process. Account opening and activation will be subject to applicable KYC and eligibility requirements.
Workers can make contributions through multiple payment options, including:
- UPI
- Net banking
- Debit and credit cards
The scheme also allows delivery partners to decide their contribution amounts and payment frequency according to their earnings, offering flexibility to workers with irregular incomes.
Targeting 60-70% Participation Within a Year
Zypp Electric aims to bring 60-70% of its eligible delivery partners into the pension ecosystem within the first 6-12 months of the partnership.
The company currently operates more than 30,000 electric vehicles across eight cities. Its co-founder and CEO, Akash Gupta, said the initiative would help delivery partners build long-term financial security. Zypp Electric also plans to expand its platform and ecosystem to more than 25 lakh gig workers over the next two to three years.
NPS Offers Portable Retirement Savings
The National Pension System provides a structured retirement savings option, with portable accounts that allow workers to continue investing even when switching between platforms.
Key features include:
- Flexible contributions based on individual earnings.
- Portable pension accounts across employment platforms.
- Contributions from workers, aggregators or both.
- Market-linked investment returns.
Expanding Financial Inclusion in the Gig Economy
The partnership highlights growing efforts to extend financial and social security benefits beyond traditional salaried employment. Pensionbazaar plans to expand its NPS offering through similar partnerships with digital platforms, making retirement planning more accessible to gig workers across India.
