Zaggle Prepaid Ocean Services Signs Master Service Agreement with BOBCARD

As of October 15, 2025, Zaggle Prepaid Ocean Services Limited said it has entered into an Amendment Agreement with BOBCARD Limited. As per the exchange filings, this follows the earlier Master Service Agreement signed between the two on October 5, 2023.

The latest amendment updates the terms of the 2023 agreement. It outlines changes in commercial arrangements between Zaggle and BOBCARD Limited, focusing on the structure of commissions linked to BOBCARD’s commercial card business.

Key Terms of the Amendment

Under the revised agreement, Zaggle will receive additional commissions based on the percentage of spends made through BOBCARD’s Commercial Cards. These cards are offered to clients along with Zaggle’s spend management platform, which helps businesses manage their payments and expenses digitally.

The amendment was executed on October 15, 2025, and continues the collaboration between the two entities in providing financial solutions for corporate clients.

Details of the Companies

BOBCARD Limited, earlier known as BOB Financial Solutions Limited, is a subsidiary of Bank of Baroda and is engaged in issuing credit and commercial cards.

Zaggle Prepaid Ocean Services Limited operates in the areas of spend management, prepaid cards, and reward solutions. It serves enterprises that use its platform for managing employee expenses, reimbursements, and vendor payments.

Background of Collaboration

Zaggle and BOBCARD first entered into a partnership in 2023 through the Master Service Agreement. The collaboration was to combine BOBCARD’s card offerings with Zaggle’s technology solutions to improve expense tracking and control for business clients. The new amendment is an extension of this existing partnership with updated commercial terms.

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Zaggle Prepaid Ocean Services Share Price Performance 

As of October 17, 2025, 10:44 AM, Zaggle Prepaid Ocean Services share price was trading at ₹350.50, a 1.03% decrease from the previous closing price.

Conclusion

The agreement formalises changes in revenue arrangements between Zaggle and BOBCARD. It maintains continuity in their ongoing partnership that began in 2023, with Zaggle now set to earn additional commissions linked to commercial card usage.

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