Zaggle Prepaid Ocean Services Limited has informed the Exchange about Bagging/Receiving of orders/contracts
ZAGGLE · price
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On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.4 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Zaggle has signed a Customer Business Agreement with Mastercard Asia/Pacific Pte. Ltd to launch and promote co-branded domestic prepaid cards on the Mastercard network. Mastercard will incentivise Zaggle for this. The agreement is effective from September 22, 2025 and runs until September 30, 2030. While the counterparty is an international entity, the underlying transactions are domestic. No specific monetary size, order value, or revenue impact has been disclosed in the filing. The agreement is not a related party transaction, and the promoters have no interest in Mastercard.
A strategic tie-up with a global payments major like Mastercard strengthens Zaggle's card business credibility and could support growth in co-branded prepaid card volumes over the next 5 years. However, with no financial value disclosed, the immediate impact on revenue or stock price is hard to quantify and depends on how aggressively Zaggle ramps up card issuance and customer acquisition.