Zaggle Prepaid Ocean Services has announced an expanded strategic partnership with Visa Worldwide, with Visa now encouraging the launch of co-branded domestic prepaid cards on the Visa network. This development represents a significant advancement from their initial strategic collaboration, focusing specifically on domestic prepaid card solutions.

Co-Branded Prepaid Card Initiative

The latest announcement reveals that Visa will actively encourage the launch of co-branded domestic prepaid cards on its network through the partnership with Zaggle. This initiative expands the scope of their collaboration beyond the initial strategic alliance, providing a concrete product offering for the domestic market.

Strategic Partnership Evolution

The partnership between Zaggle Prepaid Ocean Services and Visa Worldwide has evolved from a general strategic alliance to include specific product initiatives. This collaboration positions Zaggle to leverage Visa's extensive global network and technological capabilities while focusing on domestic prepaid card solutions.

Market Implications

The co-branded prepaid card initiative represents a strategic move to capture domestic market opportunities through Visa's established network infrastructure. This development could potentially enhance Zaggle's service offerings and provide direct access to Visa's payment processing capabilities for domestic transactions.

The announcement reflects Zaggle's continued focus on forming strategic partnerships with established global players to strengthen its market presence and expand its product portfolio in the competitive fintech landscape.

Zaggle Prepaid Ocean Services Limited has entered into a strategic partnership with Visa Worldwide Pte. Ltd to launch co-branded domestic prepaid cards, the company announced on December 31, 2025. The agreement was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agreement Details

The partnership involves a growth agreement between Zaggle and Visa Worldwide Pte. Ltd, an international entity. Under this arrangement, Visa will incentivize Zaggle to launch and promote co-branded domestic prepaid cards on the Visa network.

Strategic Partnership Framework

The agreement establishes a framework for collaboration between the two companies to develop and market co-branded prepaid card solutions. Visa will provide incentives to support Zaggle's efforts in launching and promoting these cards within the domestic market.

Regulatory Compliance

Zaggle has confirmed that this partnership does not involve any related party transactions and has been structured at arm's length. The company's promoters and promoter group have no interest in Visa Worldwide Pte. Ltd, ensuring the independence of this commercial arrangement.

Market Implications

This seven-year partnership positions Zaggle to expand its prepaid card portfolio by leveraging Visa's global payment network and brand recognition. The collaboration focuses specifically on domestic prepaid card solutions, targeting the Indian market through the established Visa payment infrastructure.

The agreement was signed by Avinash Ramesh Godkhindi, Managing Director and Chief Executive Officer of Zaggle Prepaid Ocean Services Limited, demonstrating the strategic importance of this partnership for the company's growth trajectory in the prepaid financial services sector.