Under this agreement, Zaggle will offer its Zaggle Zoyer Platform along with utility bill payment services. This will be completed within 24 months according to the terms of the original agreement.
Zaggle Prepaid Ocean Services (Zaggle) is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in the business-to-business-to-customer segment. It is one of the largest numbers of issued prepaid cards in India in partnership with its banking partners. Additionally, the company has a diversified portfolio of software as a service (SaaS) products, including tax and payroll software, and a wide touchpoint reach.
The company’s consolidated net profit jumped 62.5% to Rs 31.14 crore on a 50.8% increase in net sales to Rs 412.11 crore in Q4 FY25 over Q4 FY24.