India's Zaggle Prepaid gains on deal with Mastercard

Zaggle Prepaid Ocean Services

27/11/2024 06:49

** Shares of Zaggle Prepaid Ocean Services  ZAGG.NS  rise 5% to
an exchange-allowed upper limit of 490.85 rupees
** Fintech firm enters into a referral partnership with payments
technology firm Mastercard
    ** Mastercard to recommend Zaggle's Software-as-a-Services
platform, payment and card products to its corporate customers
through the deal
    ** Deal to be effective for seven years, starting from Nov.
26, 2024
    ** ZAGG did not disclose financial details of the deal
    ** Shares of ZAGG up 120% in 2024 so far -LSEG data   

(Reporting by Bharath Rajeswaran in Bengaluru)
((mailto:bharath.rajeswaran@thomsonreuters.com; +91
9769003463;))