Zaggle Signs SaaS Partnership Agreement with IDFC First Bank; Share Price in Focus

Zaggle Prepaid Ocean Services Limited (Zaggle) has formalised a new partnership with IDFC First Bank Limited, expanding its technology-led offerings in the Indian corporate sector.

Details of the Agreement Between Zaggle and IDFC First Bank

The collaboration is structured as a SaaS Partnership Agreement through which Zaggle will extend its software-as-a-service solutions to corporate customers of IDFC First Bank. The contract, categorised as a domestic arrangement, took effect on September 26, 2025 and will remain in force until terminated.

According to the disclosure, Zaggle’s promoters or group companies hold no interest in IDFC First Bank, and the transaction does not qualify as a related party arrangement. No financial consideration was disclosed in the filing.

About the Companies

Zaggle Prepaid Ocean Services Limited is a listed fintech SaaS player, enabling enterprises with digital payment solutions, expense management tools, and corporate services. Its products are widely used by businesses to streamline operations and drive efficiencies through technology-driven platforms.

IDFC First Bank Limited, a leading private sector bank in India, caters to retail, MSME, and corporate segments. Its collaboration with Zaggle aligns with the growing demand for integrated fintech partnerships within the banking ecosystem.

Read More: Newgen Software Wins Orders Worth €4.22 Million and ₹21.24 Crore!

Zaggle and IDFC First Bank Share Price Performance 

As of September 29, 2025, at 10:40 AM, Zaggle Prepaid Ocean Services share price is trading at ₹348.65 per share, reflecting a decline of 0.057% from the previous closing price. Over the past month, the stock has declined by 11.16%.

As of September 29, 2025, at 10:40 AM, IDFC First Bank share price is trading at ₹69.36 per share, reflecting a gain of 1.12% from the previous closing price. Over the past month, the stock has gained by 2.02%.

Conclusion

The SaaS partnership between Zaggle and IDFC First Bank reinforces the increasing convergence of fintech and banking services in India. With effect from September 26, 2025, the agreement marks a step forward in offering innovative solutions to corporate clients, underlining Zaggle’s role in shaping enterprise-focused digital services.

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