Zaggle Prepaid Ocean Services Ltd.ZAGGLE₹360.70 +1.51%

Zaggle Prepaid Ocean Services Ltd. has announced a new strategic agreement with Mastercard Asia/Pacific Pte. Ltd. to launch and promote co-branded domestic prepaid cards. The partnership, disclosed in a filing with the stock exchanges, is a significant move to expand Zaggle’s prepaid card offerings in the Indian market.

The agreement is a Customer Business Agreement that will see Mastercard incentivize Zaggle to promote these new co-branded cards on its network. While the financial details of the incentive-based arrangement were not disclosed, the collaboration is set to bolster Zaggle’s footprint in the domestic prepaid card sector.

The partnership is a long-term commitment, with the agreement taking effect on September 22, 2025, and set to run until September 30, 2030. This five-year period provides a clear roadmap for the companies to work together on the domestic transaction. This collaboration highlights Zaggle’s focus on strengthening its product portfolio and leveraging a global network to provide enhanced services to its customers.

Since listing, this stock has delivered multibagger returns of more than 115%.

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Note: The stock prices mentioned are as of 3:30 pm.

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