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Tag: Zaggle

  • Zaggle swipes big with Mastercard in co-branded card power play

    Zaggle swipes big with Mastercard in co-branded card power play

    MUMBAI: When Zaggle and Mastercard join forces, you know the swipe game just levelled up. In a move set to reshape India’s prepaid card landscape, Zaggle Prepaid Ocean Services Limited has inked a five-year deal with Mastercard Asia/Pacific Pte. Ltd., paving the way for a new wave of co-branded domestic prepaid cards.

    The agreement, effective from 22 September 2025 and running until 30 September 2030, will see Mastercard incentivise Zaggle to launch and promote these cards on its network. The deal is positioned as a customer business agreement, but in the wider payments ecosystem, it’s a strong signal that prepaid solutions are no longer niche, they’re going mainstream.

    Zaggle managing director Avinash and CEO Ramesh Godkhindi confirmed the collaboration in a regulatory filing, noting that the tie-up is fully aligned with SEBI’s disclosure requirements. Importantly, there’s no related party angle here, the deal is clean, international in origin, but domestic in focus.

    For Zaggle, this partnership means more than just plastic in wallets, it’s about scaling digital payments for an India that is rapidly going cashless. With Mastercard’s global heft backing its distribution, the co-branded cards are expected to target a wide consumer base, from urban professionals to emerging Tier 2 plus spenders looking for secure, flexible, and reward-heavy payment tools.

    The timing couldn’t be sharper. With India’s digital transaction volumes already scaling new highs and festive spending season underway, the Zaggle-Mastercard alliance is poised to capture both consumer trust and transaction value.

    By the numbers:

    ●    Agreement duration: 22 September 2025 – 30 September 2030

    ●    Nature: Domestic prepaid card co-branded with Zaggle on Mastercard’s network

    ●    Structure: Internationally awarded, domestically executed

    ●    Consideration: Mastercard incentivising Zaggle for launch and promotion

    As fintech partnerships continue to blur the lines between consumer convenience and financial innovation, Zaggle’s latest move signals that the prepaid card is no longer the poor cousin of credit, it’s a rising star. With Mastercard in its corner, Zaggle isn’t just playing the payments game; it’s aiming to rewrite the rulebook.

  • Zaggle & EaseMyTrip partner to revolutionise travel and expense management solutions

    Zaggle & EaseMyTrip partner to revolutionise travel and expense management solutions

    Mumbai: Zaggle Prepaid Ocean Services Ltd, a SaaS fintech player that provides spend management products and solutions to corporates, has announced a strategic partnership with OTA platform, EaseMyTrip to deliver integrated travel and expense management solutions.

    Over 2800 corporate clients of Zaggle will now get seamless access to Zaggle EMS platform that provides end-to-end travel and expense management that includes right from booking flights, hotels, and other travel arrangements to managing the expense process incurred during the travel.

    By integrating travel booking functionality with expense reporting capabilities, the partnership offers streamlined workflow, ensures compliance with corporate policies, and provides real-time visibility into travel expenditure. There is a strong connection between corporate travel and the demand for robust expense management solutions because corporate travel is driving demand with increased travel volume, focus on cost control, improved traveller experience with modern expense management solutions offering user-friendly interfaces, mobile apps, and automated processes, streamlining expense reporting, and improving the overall travel experience for employees.

    Expense management solutions are also enabling travel with policy compliance, centralized visibility, efficiency and automation and data-driven insights. T&E integration allows seamless data transfer between booking platforms and expense management systems, further streamlining the process. Corporate travel is driving the adoption of expense management solutions and EMS in turn, enable companies to manage travel expenses effectively, optimise travel programs, and improve their bottom line.

    As per industry estimates the total expenditure made by Indian travellers will hit $410 billion by 2030 making India the fourth largest global spender. This is a massive 173 per cent rise compared to pre-Covid period (2019). Therefore, Zaggle is strategically positioned to capitalize on this burgeoning market. This partnership with EaseMyTrip highlights the company’s commitment to expanding its footprint in the travel and expense management sector.

    This collaboration also marks Zaggle’s second major business partnership in the travel domain. The company intends to further strengthen its position by forging alliances with more travel management companies (TMC) in the near future.

    Zaggle MD & CEO Avinash Godkhindi said, “Our partnership with EaseMyTrip underscores our commitment to empowering businesses with cutting-edge solutions that simplify complex processes. By combining our expertise in payment technology with EaseMyTrip’s extensive network on travel, we are poised to deliver unparalleled value to our customers.”

    Sharing his thoughts on the partnership, EaseMyTrip co-founder Rikant Pittie stated; “We’re excited about our strategic partnership with Zaggle, a leading SaaS FinTech player. By integrating travel booking with expense reporting, we offer a streamlined workflow, policy compliance, and real-time visibility into travel expenditure. In the rapidly evolving travel industry, this partnership underscores our commitment to innovation and delivering unmatched value to our users.’’

    This integrated T&E solution offers several advantages for businesses, including reduced errors, increased savings, and enhanced traveller experience. As India’s travel industry continues to evolve, Zaggle remains committed to launch innovative solutions that empower businesses to thrive in an increasingly dynamic marketplace.