Zaggle Partners with Standard Chartered Bank to Redefine Corporate Spend Management with its Prepaid Card Solutions

Zaggle Prepaid Ocean Services Limited (Zaggle), India's leading spend management company today announced a partnership with Standard Chartered Bank. Under the partnership, Zaggle will introduce its innovative prepaid card solutions designed to help Standard Chartered's corporate customers to seamlessly manage expenses and enhance control over corporate spending and therefore offer greater convenience to their employees. The prepaid card offering will cater to corporates looking for a secure, controlled and easily trackable way to manage employee expenses, travel allowances and vendor payments.

The partnership echoes a growing trend where FinTech innovators and Global Banking leaders join hands to create tech-driven, future-ready financial ecosystems. With India's rapidly digitizing economy, prepaid card is set to become a critical tool for CFOs and finance teams to drive efficiency, accountability and agility in their respective organizations.

This partnership will empower Zaggle and SCB customers to transform the way they manage business expenses. By integrating advanced prepaid card technology, corporates can gain real-time visibility into spending, set dynamic controls and simplify reconciliation processes. The solution not only enhances financial oversight and operational efficiency but also provides employees with secure, flexible payment options, delivering greater convenience.

Speaking about the collaboration, Dr. Raj P Narayanam, Founder & Executive Chairman of Zaggle, said: "At Zaggle, we are commited to reshaping the way businesses manage their expenses. Partnering with Standard Chartered Bank is a significant milestone that will enable us to deliver more value to our clients by offering integrated, intelligent and scalable spend solutions."

"We are excited to partner with Zaggle to offer innovative prepaid card solutions," said Sachit Sahni, Head Transaction Banking, India and South Asia from Standard Chartered Bank. "This will provide our corporate customers yet another tool to manage their payables through a cashless, seamless, secure and rewarding payment experience."

Shares of Zaggle Prepaid Ocean Services Limited was last trading in BSE at Rs. 401.10 as compared to the previous close of Rs. 391.95. The total number of shares traded during the day was 27419 in over 1166 trades.

The stock hit an intraday high of Rs. 406.10 and intraday low of 391.80. The net turnover during the day was Rs. 10992717.00.

Source : Equity Bulls

Keywords

ZagglePrepaidOceanServices INE07K301024 ITEnabledServices Partnership StandardCharteredBank