Introduction:
Corporate payments provider has partnered with a global technology leader for a seven-year collaboration. This agreement aims to promote innovative SaaS platforms and card products, leveraging international networks to enhance market reach and foster growth opportunities.
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Share price movement of Zaggle Prepaid Ocean Services:
On November 27, 2024, Zaggle Prepaid Ocean Services opened at ₹483.90, up 3.55% from its previous close of ₹467.30. Stock hit a high of ₹490.65 and a low of ₹476.65. It is currently trading at ₹490.65, reflecting a 5.00% increase. The market cap stands at ₹6,026.95 crore.
Zaggle Partners with Mastercard for SaaS and Payment Solutions
Zaggle Prepaid Ocean Services has entered a strategic referral partnership with Mastercard Technology Private. Under the 7-year agreement, from Nov 26, 2024, Mastercard will recommend Zaggle’s SaaS platform and card products to corporate customers and ecosystem entities.
This partnership utilizes Mastercard’s global network to promote Zaggle’s solutions, highlighting confidence in its products. It fosters ecosystem synergy, drives growth opportunities, and aligns with Zaggle’s strategy to expand in the corporate payments domain.
The agreement does not involve promoter group interests or related party transactions, ensuring compliance with SEBI regulations. Zaggle anticipates enhanced market reach through this association, positioning itself as a leading player in corporate payments and SaaS solutions.
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Recent news on Zaggle Prepaid Ocean Services:
As of November 22, 2024, Zaggle Prepaid Ocean Services Limited reported its highest-ever quarterly performance, with a 64% YoY revenue growth and a 145% increase in PAT. Growth was driven by higher prepaid card volumes, client additions, and improved product mix.
Ace investor holding in Zaggle Prepaid Ocean Services:
Ashish Kacholia
Ashish Kacholia holds a 2.37% stake in Zaggle Prepaid Ocean Services Limited, owning 2,903,356 shares worth ₹142.5 crore. His investment highlights confidence in the company’s growth and its innovative corporate payment solutions.
Ajay Kumar Aggarwal
Ajay Kumar Aggarwal holds a 1.15% stake in Zaggle Prepaid Ocean Services Limited, owning 1,409,615 shares valued at ₹69.2 crore. His investment signifies trust in the company’s growth trajectory and its corporate payment solutions portfolio.
Stock performance of Zaggle Prepaid Ocean Services for Period of 1 week, 6 months and 1 year:
Zaggle Prepaid Ocean Services Limited has demonstrated strong performance with a 6.00% return over the past week, 72.5% return over six months, and a remarkable 90.0% return over the past year, reflecting its consistent growth and investor confidence.
Shareholding pattern of Zaggle Prepaid Ocean Services:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 43.90% | 43.90% | 43.90% |
| FII | 6.10% | 6.00% | 11.70% |
| DII | 10.70% | 7.30% | 6.50% |
| Public | 39.30% | 42.80% | 37.90% |
About the company Zaggle Prepaid Ocean Services:
Zaggle Prepaid Ocean Services Limited (NSE: ZAGGLE), based in Hyderabad, provides innovative financial solutions for managing business expenses of corporates, SMEs, and startups through automated workflows, blending SaaS and Fintech to enhance efficiency.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
