Zaggle enters into co-brand agreement with Kotak Mahindra Bank

Zaggle Prepaid Ocean Services Limited (Zaggle), has entered into a co-brand agreement with Kotak Mahindra Bank Limited.

Through this strategic collaboration, corporates will have access to a unified offering comprising a suite of financial products, including Kotak's payroll banking services, such as salary accounts and co-branded prepaid cards, seamlessly integrated with Zaggle's market-leading SaaS solutions, specifically designed for employee flexi-benefits (Zaggle SAVE) and travel and expense management (Zaggle EMS). This integration will enable working professionals to boost their incomes by up to 7% through flexible benefits designed to facilitate tax savings, giving complete visibility and greater control over their pay, flexi-benefits, advances, reimbursements, and spending, accessible through a single mobile app.

The order value is INR 76 crores in 3 years by conservative estimates.

Shares of Zaggle Prepaid Ocean Services Limited was last trading in BSE at Rs. 206.60 as compared to the previous close of Rs. 208.85. The total number of shares traded during the day was 35762 in over 2385 trades.

The stock hit an intraday high of Rs. 214.95 and intraday low of 205.10. The net turnover during the day was Rs. 7488956.00.

Source : Equity Bulls

Keywords

ZagglePrepaidOceanServices INE07K301024 ITEnabledServices OrderWin CoBrandAgreement KotakMahindraBank