Archive · 31 Dec 2025
Zaggle Signs 7-Year Visa Pact
Zaggle, a fintech company, has made a deal with Visa.
They will work together for seven years to create and promote special prepaid cards that both companies' names will be on.
These cards will be used in India.
Zaggle also recently made a similar deal with Mastercard, which will last five years.
Zaggle's stock price went down a little bit on the day this news came out.
Neither Zaggle nor Visa owns part of the other company, so this isn't a related party transaction.
Zaggle and Visa signed a 7-year agreement to launch co-branded prepaid cards in India.
The agreement is classified as a growth agreement and is a domestic transaction.
Zaggle's stock price ended at ₹347.85, down 1.26%, on December 31.
Zaggle previously signed a 5-year agreement with Mastercard for credit cards and other solutions.
Neither Zaggle nor Visa has any ownership interest in the other, ensuring no related party transaction.
- Who
- Zaggle Prepaid Ocean Services Ltd and Visa Worldwide Pte Ltd
- What
- Signed a 7-year agreement to launch co-branded prepaid cards
- When
- December 31
- Where
- India (domestic transaction)
- Why
- To launch and promote co-branded domestic prepaid cards on the Visa network
- Company
- Zaggle Prepaid Ocean Services Ltd
- Partner
- Visa Worldwide Pte Ltd
- Agreement Duration
- 7 years
- Agreement Type
- Growth agreement
- Transaction Nature
- Domestic
- Stock Price
- ₹347.85 (down 1.26%)
- Previous Partner
- Mastercard Asia/Pacific Pte Ltd
- Previous Agreement Duration
- 5 years