Shares of Zaggle Pay as you go Ocean Providers Ltd surged 5% to achieve a day’s excessive of Rs 373.60 on twenty third September, after the corporate introduced it had agreed with Mastercard Asia Pacific Pte Ltd to launch and promote co-branded home pay as you go playing cards on the Mastercard community.
In response to the corporate’s submitting, the settlement with Mastercard got here into impact on twenty second September, 2025, and can stay legitimate till thirtieth September, 2030. Mastercard will incentivise Zaggle to spice up the adoption and utilization of the co-branded playing cards.
The deal, structured as a Buyer Enterprise Settlement, goals to develop Zaggle’s home pay as you go card choices. The corporate clarified that it’s not a related-party transaction.
The partnership is predicted to strengthen Zaggle’s place within the pay as you go card market by leveraging Mastercard’s international community and experience, whereas broadening buyer entry to digital cost options in India.
Individually, on Monday, AU Small Finance Financial institution (AU SFB) partnered with Zaggle to launch new co-branded retail credit score and pay as you go playing cards. The providing consists of Third-Get together Utility Supplier (TPAP) integration and an AI-driven suggestion engine to enhance the cardholder expertise.
The collaboration additionally targets company purchasers, with AU SFB offering underwriting assist and Zaggle onboarding eligible companies. Company prospects will moreover get entry to Zaggle’s Zatix SaaS platform.
At 2:58 PM, the shares of Zaggle have been buying and selling 1.52% increased at Rs 360.75 on NSE.
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