Shares of Zaggle Prepaid Ocean Services Limited gained 1.36% on Tuesday, September 23, trading at ₹360.20 on the NSE. The rise followed the company’s announcement that it has entered into an agreement with Mastercard Asia/Pacific Pte. Ltd to launch and promote co-branded domestic prepaid cards.
According to the regulatory filing, Mastercard will incentivise Zaggle to introduce and expand the use of these co-branded prepaid cards across India. The agreement, which came into effect on September 22, 2025, will remain valid until September 30, 2030.
The company clarified that while this is an international collaboration, it pertains to domestic transactions. Zaggle further emphasized that neither its promoters nor related parties have any interest in the agreement, ensuring that the transaction is conducted at arm’s length.
Founded in 2011, Zaggle is a fintech firm that provides spend management, employee rewards, and corporate gifting solutions. Its new collaboration with Mastercard marks another step in expanding its product offerings within India’s digital payments ecosystem.
