As part of this agreement, Zaggle will act as a solutions provider by making its offerings like prepaid payment instruments platform available to corporate customers referred by Standard Chartered Bank.
The agreement is for a period of five years. Financial considerations of the agreement were not disclosed by either party.
In an interaction with CNBC-TV18 on August 18, Zaggle MD & CEO Avinash Godkhindi had highlighted that for now, the company’s earlier guidance of growing their topline between 35% and 40% remains intact and that they will take a re-look at the same once the ongoing quarter ends.
Godkhindi also spoke about some large acquisitions closing during the current financial year and then consolidate for the coming years.
Shares of Zaggle Prepaid Ocean Services ended 3.5% lower on Tuesday at ₹398. The stock has been an underperformer so far in 2025, with declines of 27%, although the stock has gained 8% in the last one month.
