Announced Wed, 27 Aug · 09:09 IST

Zaggle Prepaid Ocean Services Limited has informed the Exchange about Bagging/Receiving of orders/contracts

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ZAGGLE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Zaggle has signed a 5-year Referral Agreement with Standard Chartered Bank, under which Zaggle will provide its Prepaid Payment Instruments platform as a solution to corporate customers referred by the bank. The arrangement is domestic in nature, with no specific monetary value or contract size disclosed in the filing. No promoter or group company has any interest in the counterparty, and the deal is not a related-party transaction.

Likely market impact

This partnership gives Zaggle access to Standard Chartered Bank's corporate client base, potentially expanding distribution for its prepaid platform over the next 5 years. Without disclosed financial terms, the immediate revenue impact is unclear, but it represents a meaningful strategic channel partnership.