The present disclosure relates to a technique for providing optimization of payment card reissue process to update an expiry date of the payment card. The technique recites generating a payment card for each of the payment card holders by using personal details of the payment card holder and account details of the payment card holder, and information of network provider for the payment card transaction. The technique involves providing the payment card to the issuer, where the payment card includes a month and a year in multiple of n. The technique involves monitoring the expiry date of the payment card and updating the expiry date of the payment card in the database of the issuer, based on the monitored expiry date
