India, Sept. 23 -- Zaggle Prepaid Ocean Services Limited (Zaggle) has signed an agreement with Mastercard Asia/Pacific Pte. Ltd to launch and promote co-branded domestic prepaid cards on the Mastercard network.
Under the agreement, effective from September 22, 2025, until September 30, 2030, Mastercard will incentivise Zaggle to introduce and market these prepaid cards across India. The collaboration marks a domestic transaction with an international entity, aiming to strengthen Zaggle's presence in the prepaid card segment.
The company confirmed that neither its promoters nor group companies have any interest in Mastercard, and the arrangement does not fall under related-party transactions.
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