Zaggle Prepaid signs five-year referral agreement with Standard Chartered Bank
Published on 27/08/2025 10:07 AM
Zaggle Prepaid signs five-year referral agreement with Standard Chartered BankAs part of this agreement, Zaggle will act as a solutions provider by making its offerings like prepaid payment instruments platform available to corporate customers referred by Standard Chartered Bank.By Hormaz Fatakia August 27, 2025, 10:07:23 AM IST (Published)1 Min ReadZaggle Prepaid Ocean Services Ltd. informed the exchanges on Wednesday, August 27, that it has signed an agreement with Standard Chartered Bank.
As part of this agreement, Zaggle will act as a solutions provider by making its offerings like prepaid payment instruments platform available to corporate customers referred by Standard Chartered Bank.
The agreement is for a period of five years. Financial considerations of the agreement were not disclosed by either party.
In an interaction with CNBC-TV18 on August 18, Zaggle MD & CEO Avinash Godkhindi had highlighted that for now, the company's earlier guidance of growing their topline between 35% and 40% remains intact and that they will take a re-look at the same once the ongoing quarter ends.
Godkhindi also spoke about some large acquisitions closing during the current financial year and then consolidate for the coming years.
Shares of Zaggle Prepaid Ocean Services ended 3.5% lower on Tuesday at ₹398. The stock has been an underperformer so far in 2025, with declines of 27%, although the stock has gained 8% in the last one month.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsshare market todayzaggle prepaid ocean servicesZaggle share price