Zaggle Prepaid Ocean Services Limited has entered into a strategic business agreement with Honda India Power Products Limited, as announced on January 23, 2026. The partnership marks a significant expansion of Zaggle's corporate client base in the employee benefits and expense management sector.

Agreement Details

The comprehensive agreement outlines Zaggle's role in providing Honda India Power Products Limited with its flagship Zaggle Save platform, which specializes in employee expense management and benefits solutions. This domestic partnership demonstrates Zaggle's continued growth in serving major corporate clients across various industries.

Service Scope and Implementation

Under the terms of this agreement, Zaggle will deploy its Zaggle Save platform to streamline Honda India Power Products Limited's employee expense management processes. The platform is designed to enhance operational efficiency and provide comprehensive benefits management solutions for corporate employees.

The 2-year contract duration provides both companies with a stable partnership framework, allowing for effective implementation and optimization of the expense management system across Honda India Power Products Limited's operations.

Regulatory Compliance and Corporate Governance

Zaggle has confirmed that this agreement maintains full compliance with corporate governance standards. The partnership involves no related party transactions and operates at arm's length principles. Additionally, the company's promoter group has no interest in Honda India Power Products Limited, ensuring complete independence in the business relationship.

Strategic Significance

This agreement represents Zaggle's continued expansion in the corporate expense management sector, partnering with established companies like Honda India Power Products Limited. The 2-year commitment provides revenue visibility and demonstrates client confidence in Zaggle's technology platform and service delivery capabilities.

The partnership aligns with Zaggle's strategy of serving diverse corporate clients across multiple industries, leveraging its expertise in digital payment solutions and employee benefits management to create value for enterprise customers.

Zaggle Prepaid Ocean Services has secured a strategic partnership with HDFC Ergo General Insurance through a 3-year agreement for its Propul reward platform. This collaboration marks a significant business development for the fintech company as it expands its corporate partnerships in the insurance sector.

Partnership Details

The partnership agreement establishes a formal business relationship between Zaggle and HDFC Ergo General Insurance, focusing on the implementation and utilization of Zaggle's Propul reward platform. The 3-year duration of the agreement provides both companies with a stable foundation for long-term collaboration.

Propul Platform Integration

The deal involves HDFC Ergo General Insurance utilizing Zaggle's Propul reward platform, which represents the company's technology solution for corporate rewards and benefits management. This partnership allows HDFC Ergo to leverage Zaggle's specialized fintech infrastructure for reward program implementation.

Transparency and Compliance

Zaggle has specifically highlighted that this partnership involves no related party transactions, demonstrating the company's commitment to transparent business practices. This clarification ensures that the agreement represents an arm's length transaction between independent business entities.

Strategic Implications

The partnership with HDFC Ergo General Insurance strengthens Zaggle's position in the corporate rewards segment while expanding its client base in the insurance industry. This collaboration showcases the versatility and applicability of the Propul platform across different sectors of the financial services industry.