Mumbai, June 11 -- The agreement is for a period of five year. The value of the contract would depend on the number of active users for the respective months on the platform and the corresponding program fee from this would depend upon the actual spends done by the users over a period of time.

Zaggle Prepaid Ocean Services (Zaggle) is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in the business-to-business-to-customer segment. It is one of the largest numbers of issued prepaid cards in India in partnership with its banking partners. Additionally, the company has a diversified portfolio of software as a service (SaaS) products, including tax and payroll softw...