Zaggle Enters 5-Year Agreement with Euronet for Prepaid Solutions
Filing Summary
Zaggle Prepaid Ocean Services Ltd has entered into a 5-year agreement with Euronet Services India Private Limited. The partnership focuses on launching co-branded prepaid card solutions for corporates, integrating with Zaggle’s spend management platform. This collaboration aims to enhance control, real-time visibility, and automated expense management. The agreement is domestic, with no related party transactions involved. Zaggle’s promoters have no interest in Euronet. The partnership is expected to scale Zaggle’s SaaS offerings and increase market reach in prepaid cards.
Zaggle Prepaid Ocean Services Ltd has entered into a 5-year agreement with Euronet Services India Private Limited as per Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agreement was announced on February 10, 2026, and involves the launch of co-branded prepaid card solutions for corporates.
The partnership integrates with Zaggle’s spend management platform to provide enhanced control, real-time visibility, and automated expense management. This initiative is designed to simplify enterprise spending while improving compliance and efficiency. The agreement is classified as a co-branding partnership and is domestic in nature.
The contract does not involve any related party transactions, and the promoters or promoter group of Zaggle have no interest in Euronet Services India Private Limited. The collaboration is expected to allow Zaggle to scale its Software as a Service (SaaS) offerings and increase its market reach in the prepaid card sector.
Euronet Services India Private Limited is a subsidiary of Euronet Worldwide, a company known for providing electronic payment services. Euronet focuses on offering secure and efficient payment solutions, which align with Zaggle’s objectives in the prepaid card market.
Zaggle Prepaid Ocean Services Ltd specializes in providing digital payment solutions and spend management services. The company focuses on enhancing corporate financial efficiency through innovative technology solutions. This partnership with Euronet is part of Zaggle’s strategy to expand its product offerings and market presence in the financial technology sector.