Zaggle Prepaid Ocean Services Signs Agreement with Visa Worldwide
Filing Summary
Zaggle Prepaid Ocean Services Limited has entered into an agreement with Visa Worldwide Pte. Ltd. The agreement involves the launch and promotion of co-branded domestic prepaid cards on the Visa network. This international agreement is structured as a growth agreement with a duration of seven years. Visa will provide incentives to Zaggle for the execution of this initiative. The transaction is classified as a domestic transaction, and there is no involvement of related party transactions. The agreement does not involve any interest from the promoter or promoter group of Zaggle.
Zaggle Prepaid Ocean Services Limited has executed an agreement with Visa Worldwide Pte. Ltd. as per the filing dated December 31, 2025. This agreement is pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The agreement involves the launch and promotion of co-branded domestic prepaid cards on the Visa network. Visa will incentivize Zaggle for this initiative. The agreement is classified as a growth agreement and is structured to last for a period of seven years. This transaction is categorized as a domestic transaction, although it involves an international entity.
There is no interest from the promoter or promoter group of Zaggle in the entity awarding the contract. Additionally, the agreement does not fall within related party transactions, ensuring that it is conducted at arm’s length.
Visa Worldwide Pte. Ltd. is a global leader in digital payments, facilitating electronic funds transfers throughout the world. The company focuses on enabling secure and reliable payment solutions for consumers and businesses, leveraging its extensive network and technological capabilities.
Zaggle Prepaid Ocean Services Limited specializes in providing innovative payment solutions and services. The company focuses on leveraging technology to offer a range of prepaid card solutions, catering to various business needs and enhancing transaction efficiency. Zaggle aims to expand its offerings through strategic partnerships and agreements.