Zaggle Prepaid Ocean Services Limited (Zaggle) has entered into a Referral Partnership Agreement with Mastercard Technology Private Limited. This strategic partnership focuses on promoting Zaggle’s Software-as-a-Service (SaaS) platform and payment products to corporate customers and other ecosystem entities. The agreement, effective from November 26, 2024, will run for a period of 7 years, marking a significant milestone for Zaggle as it looks to expand its presence in the payment solutions industry.

As per the agreement, Mastercard will recommend Zaggle’s SaaS platform, payment products, and card solutions on a referral basis to its corporate clients. This collaboration aims to leverage the synergies between the two entities, combining Mastercard’s global reach and Zaggle’s innovative payment solutions to offer comprehensive services to businesses.

The agreement is a domestic and international venture, as Mastercard will facilitate referrals both within India and internationally. Zaggle will be able to tap into new growth opportunities through this partnership, which could bolster its presence in the corporate payments sector. The referral partnership is not a related party transaction, and there is no involvement of the promoter group or group companies of Zaggle in this deal.

The consideration for this agreement revolves around the referral of Zaggle’s products to corporate customers by Mastercard. The deal is structured in a way that ensures both companies benefit from their respective strengths in the fintech and payment industry.

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This agreement with Mastercard further solidifies Zaggle’s position as a leader in the SaaS and payment solutions space, driving innovation and supporting the digital transformation efforts of corporate clients.

Zaggle’s SaaS platform provides comprehensive solutions for businesses, including prepaid card products and payment solutions that help streamline business operations, enhance customer experience, and improve financial management.

About Zaggle Prepaid Ocean Services Ltd: Zaggle is a leading player in the SaaS and payments industry, providing innovative solutions to meet the diverse needs of businesses across various sectors. The company specializes in prepaid cards, expense management platforms, and digital payment solutions, catering to the needs of both large and small enterprises. This new partnership with Mastercard is expected to play a pivotal role in Zaggle's future growth and global expansion.

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