Mumbai, June 30 -- Under the agreement, Zaggle will provide its Zoyer platform along with Zaggle Save, the company's employee expense management and benefits solution, to APAC Financial Services.

The agreement is domestic in nature and will remain in force for a period of five years. The company said the contract value cannot be ascertained at this stage, as the SaaS/software fee will depend on the number of active users on the platform, while the program fee will be linked to the actual spending by users over the contract period. It added that neither its promoter, promoter group, nor group companies have any interest in APAC Financial Services. The agreement does not constitute a related-party transaction.

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