Zaggle Prepaid Ocean Services Ltd. has inked a substantial agreement valued at Rs 200 crore with Torrent Gas Ltd. to execute the Close Loop Card-Fleet Loyalty Programme. The two-year timeline has been established for the completion of this domestic order, as revealed in an exchange filing on Wednesday.
Zaggle, which made its market debut last September, brings forth an integrated solution encompassing spend management through prepaid cards and employee administration via software-as-a-service. The alliance with Torrent Gas signifies a strategic move by Zaggle to fortify its position in the market, capitalizing on the growing demand for innovative and efficient fleet loyalty programs.
As of 11:29 am, Zaggle’s shares exhibited positive momentum, trading 2.66% higher at ₹213.85, indicating a favorable market response to the company’s latest collaboration and business expansion endeavors.
