Zaggle Prepaid Ocean Services jumps 3% after securing a 7 year agreement with Visa Worldwide Pte

Synopsis: Zaggle signed a seven-year growth agreement with Visa to launch co-branded prepaid cards, boosting product offerings, customer reach, transaction volumes, and strengthening its long-term prepaid payments ecosystem in India.

This Ashish Kacholia stock, engaged in providing SaaS-based spend management platforms, prepaid cards, expense tracking, rewards, and corporate gifting solutions for businesses, jumped 3 percent after entering into a seven-year agreement with Visa Worldwide Pte. Limited.

With a market capitalization of Rs. 4,721.95 crores, the shares of Zaggle Prepaid Ocean Services Limited has reached an intraday high of Rs. 358.40 per equity share, rising nearly 3.15 percent from its previous day’s close price of Rs. 347.45. Since then, the stock has retreated and is currently trading at Rs. 351.20 per equity share. 

Zaggle Prepaid Ocean Services Limited has entered into a seven-year agreement with Visa Worldwide Pte. Ltd to support the launch and promotion of co-branded domestic prepaid cards on the Visa network. Under this growth agreement, Visa will provide incentives to Zaggle to strengthen the adoption of prepaid card solutions in India. 

This strategic collaboration is expected to enhance Zaggle Prepaid Ocean Services Limited’s product offerings, expand its customer base, and improve transaction volumes on the Visa platform. The agreement supports Zaggle’s long-term growth by strengthening its prepaid payments ecosystem and overall business scalability.

Zaggle Prepaid Ocean Services Limited was established in 2011 and is a financial technology company focused on business spend management solutions. The company serves corporates, SMEs, and startups by automating and digitizing processes such as expense management, employee benefits, rewards and recognition, corporate gifting, and incentive programs.

Zaggle Prepaid Ocean Services Limited has built a strong customer base, serving over 3,674 corporate clients and more than 3.51 million users. The company has issued upwards of 50 million prepaid cards in collaboration with banking partners. 

Recently, Zaggle has onboarded several prominent clients, including Indus Towers, Honasa Consumer (Mamaearth), Forbes Marshall, Birlasoft, SMC Global Securities, Tech Mahindra, Physics Wallah, Adani Gas, and Wonder Home Finance, strengthening its footprint across telecom, consumer goods, healthcare, education, and fintech sectors.

In September 2025, Zaggle Prepaid Ocean Services Limited had a majority stake held by the promoters at 44.20 percent, foreign institutional investors at 8.64 percent, domestic institutional investors at 8.63 percent, and the public at 38.53 percent.

Ace investor Ashish Kacholia under his name holds a 2.24 percent stake in Zaggle Prepaid Ocean Services Limited, valued at Rs. 105.3 crores, consisting of 30,03,356 shares.

Coming into financial highlights, Zaggle Prepaid Ocean Services Limited’s revenue has increased from Rs. 303 crore in Q2 FY25 to Rs. 432 crore in Q2 FY26, which has grown by 42.57 percent. The net profit has also grown by 75 percent from Rs. 20 crore in Q2 FY25 to Rs. 35 crore in Q2 FY26. Zaggle Prepaid Ocean Services Limited’s revenue and net profit have grown at a CAGR of 53.56 percent and 95.6 percent, respectively, over the last two years.

In terms of return ratios, the company’s ROCE and ROE stand at 12.8 percent and 9.46 percent, respectively. Zaggle Prepaid Ocean Services Limited has an earnings per share (EPS) of Rs. 8.34, and its debt-to-equity ratio is 0.01x.

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