Zaggle Prepaid Ocean Services Ltd.

Zaggle Prepaid Ocean Services is all set to acquire equity shares or equity-linked securities i.e. 100% shares capital and voting rights in Rivpe Technology (Rio.Money) from the existing shareholders of Rio.Money for Rs 22 crore subject to execution of definitive agreements and completion of certain identified conditions precedent. In this regard, the Company has executed a non-binding term sheet on July 29, 2025.

The acquisition not only expands company’s product offerings for existing user and customer base, it also adds a deep expertise on the UPI and facilitates its entry into the consumer credit card market.

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.