Zaggle Prepaid Ocean Services has been empanelled by Canara Bank to provide fintech services, expanding its partnership footprint in the banking sector. The empanelment, effective from June 30, 2026, was secured through an Expression of Interest (EOI) process and is valid for a period of two years, subject to an annual review of performance. This agreement allows the company to offer its fintech solutions to Canara Bank, potentially enhancing its revenue streams over the contract duration.

The Managing Director and Chief Executive Officer, Avinash Ramesh Godkhindi, confirmed the development in a regulatory filing submitted on July 01, 2026. The disclosure was made to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Empanelment

The following table outlines the key parameters of the empanelment agreement between Zaggle Prepaid Ocean Services and Canara Bank:

The company's registered office is located in Telangana.

Zaggle Prepaid Ocean Services has entered into a 5-year agreement with APAC Financial Services Private Limited to provide its Zoyer Platform and employee expense management solutions. The deal, signed on June 29, 2026, strengthens the company's presence in the domestic market by integrating its SaaS offerings with APAC Financial Services' operations.

Deal Overview

The agreement outlines the provision of the Zoyer Platform along with Zaggle Save, which covers employee expense management and benefits. This partnership is classified as a domestic agreement and is set to run for a duration of 5 years.

Financial Terms and Conditions

The financial consideration for the order is variable and depends on usage metrics. The quantum of SaaS or software fee is contingent upon the number of active users on the platform for the respective months. Additionally, the program fee will be derived from the actual spends conducted by users over the contract period. Consequently, the total value of the contract cannot be ascertained at this stage.

Key Disclosures

The filing confirms that the promoters, promoter group, or group companies of Zaggle Prepaid Ocean Services do not hold any interest in APAC Financial Services Private Limited. Furthermore, the transaction does not fall within related party transactions. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.