Intimation of Launch of Zaggle X GlobalPay Co-branded Forex Card
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WSFx Global Pay Ltd, an RBI Authorised Dealer Category II with 30+ years in forex, has launched a co-branded forex card in partnership with Zaggle, a BSE and NSE-listed B2B FinTech firm. The card combines Zaggle's expense management platform (used by 3,500+ corporates) with GlobalPay's forex capabilities, offering a Pay-Per-Use model with features like global airport lounge access, visa assistance, travel insurance, and global SIM cards. Corporates also get tools such as OCR-based receipt capture, real-time spend tracking, automated approvals, and reconciliation for managing overseas travel expenses and foreign transactions.
The product launch could expand WSFx's addressable market by tapping into Zaggle's large corporate base, potentially driving card-based forex revenue. For shareholders, this is a strategic milestone showing growth through partnerships, though near-term financial impact on revenue or margins is not specified in the filing.