Zaggle Prepaid Ocean Services Limited (Zaggle) has announced a significant partnership with Mastercard Technology Private Limited under a Referral Partnership Agreement. The agreement, which commences on November 26, 2024, will see Mastercard recommend Zaggle’s SaaS platform, payment, and card products to corporate customers and other ecosystem entities on a referral basis. The partnership is set to span a seven-year term.
This collaboration is aimed at enhancing Zaggle’s presence in the corporate payment solutions space, as Mastercard leverages its global network to introduce Zaggle’s offerings to a wider audience. The agreement’s size is largely centered around Mastercard’s referral services, with no specific monetary value disclosed at this time.
Zaggle, a prominent player in the prepaid services and corporate payment sectors, stands to gain significantly from this partnership, expanding its reach both domestically and internationally. The agreement is expected to bolster Zaggle’s position in the competitive payment technology industry by tapping into Mastercard’s extensive network of corporate customers.
“We are excited about this partnership with Mastercard, which aligns perfectly with our vision of offering innovative and seamless payment solutions to the corporate world,” said Avinash Ramesh Godkhindi, Managing Director and CEO of Zaggle Prepaid Ocean Services Limited. The company is optimistic about the long-term potential of this agreement, projecting significant growth and expanded market penetration over the next seven years.
The announcement comes as Zaggle continues to innovate in the payment solutions space, offering cutting-edge technology designed to simplify corporate transactions globally.
