Zaggle Prepaid Ocean Services announces a Strategic Partnership with Suryoday Small Finance Bank. The collaboration involves the deployment of Zaggle’s Zaggle Save platform, designed to streamline employee expense management and employee benefits.
The contract will be executed over a period of 2 years. This tie-up is expected to enhance Zaggle’s footprint in the financial services ecosystem while also supporting Suryoday’s customer-centric banking initiatives. The positive market response highlights investor confidence in the potential value creation of this deal.
Zaggle Prepaid Ocean Services, commonly referred to as Zaggle, has positioned itself as a key player in the field of spend management solutions. Operating in the business-to-business-to-customer (B2B2C) domain, the company has differentiated itself through an innovative value proposition and a broad user base. One of its notable strengths lies in its strong collaboration with banking partners, enabling it to issue one of the highest volumes of prepaid cards in the country.
Beyond cards, Zaggle has also established a diversified portfolio of SaaS offerings, covering areas such as taxation and payroll management software. Its reach extends across multiple customer touchpoints, allowing the company to address a wide spectrum of business and employee requirements. This versatility ensures that Zaggle is not solely reliant on a single product line but rather operates as a comprehensive solutions provider in financial technology.
Suryoday Small Finance Bank has evolved from its origins as a non-banking financial company (NBFC) into a scheduled commercial bank, with a strong commitment to advancing financial inclusion in India. With operations spread across 15 states and Union Territories, the bank manages 710 outlets, consolidating its presence particularly in Maharashtra, Tamil Nadu, and Odisha.
Its service portfolio spans both asset and liability products, offered through a range of channels to ensure accessibility for its diverse customer base. By aligning with partners such as Zaggle, Suryoday strengthens its ability to provide holistic financial solutions while maintaining its mission-driven focus on inclusive growth.
Read More: Zaggle Prepaid Ocean Services Share Price in Focus on Signing 5-Year Agreement with DTDC Express!
As of September 2, 2025, at 11:51 AM Zaggle Prepaid Ocean Services share price is trading at ₹406.05 per share, reflecting a surge of 1.16% from the previous day's closing price. Over the past month, the stock has surged by 8.40%. The stock's 52-week high stands at ₹591.90 per share, while its low is ₹298.65 per share.
The collaboration between Zaggle and Suryoday Bank brings together fintech expertise and inclusive banking outreach. By leveraging Zaggle Save, businesses gain efficient expense solutions, while Suryoday expands its service offerings. The two-year contract reflects confidence in digital transformation and financial inclusion, strengthening both entities’ market positioning and creating long-term value for employees, enterprises, and investors alike.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Sep 2, 2025, 1:51 PM IST
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