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Zaggle Prepaid Ocean Services gets nod to invest Rs 15.6 crore in Mobileware Technologies

26 Sep 2024 Evaluate

Zaggle Prepaid Ocean Services has received approval for the investment of Rs 15.6 crore for 26 percent ownership capital of Mobileware Technologies on a post issue and fully diluted basis. The meeting of the Board of Directors of the company held on September 25, 2024, has, inter alia, approved the same.

Mobileware is at the forefront of the digital payments innovation in India and they offer integrated product suite of NPCI certified switch solutions across UPI, IMPS, AEPS & BBPS, along with an API & Agency banking platform called Transxt. Zaggle would be able to leverage their expertise and infrastructure to make its solutions and embedded payment experiences best-in-class for its esteemed clientele. The company would also be able to co-create multiple use-cases for its customers while keeping payments at the forefront through Lending stack, Credit solutions, Card Management Services etc. 

Zaggle Prepaid Ocean Services operates in a segment where it interacts and interface with its Customers (i.e., businesses) and end Users (i.e., employees) and is among a small number of uniquely positioned players with a diversified offering of fintech products and services.


Zaggle Prepaid Ocean Share Price

209.45 -6.60 (-3.05%)
23-Jun-2026 15:29 View Price Chart
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