Zaggle Inks 5-Year Deal to Provide Zoyer Platform to APAC Financial

MUMBAI – Zaggle Prepaid Ocean Services, a prominent player in the Indian fintech sector, announced on June 30, 2026, that it has entered into a five-year service agreement with APAC Financial Services Private Limited. Under this domestic contract, Zaggle will deploy its flagship Zoyer platform, alongside its Zaggle Save employee expense management and benefits solution, to support the financial firm’s operational requirements.

This development marks another milestone in the company’s ongoing strategy to expand its footprint in the enterprise spend management space. By integrating its specialized SaaS platforms, Zaggle aims to provide APAC Financial Services with a digitized system for managing corporate disbursements and employee reimbursements.

Strategic Partnership Details

The agreement, disclosed via a regulatory filing with the National Stock Exchange of India (NSE), outlines a long-term engagement aimed at digitizing financial workflows. While the exact financial value of the contract was not disclosed, the company confirmed that the revenue structure is variable, linked directly to the number of active users on the platforms and the volume of spending processed each month.

According to the filing by Avinash Ramesh Godkhindi, Managing Director and CEO of Zaggle Prepaid Ocean Services, the deal was signed on June 29, 2026. This partnership follows a series of similar domestic agreements secured by the fintech company earlier this year, including contracts with major firms such as Crompton Greaves Consumer Electricals, Punjab National Bank, and Federal Bank.

Expanding the Reach of Zaggle Zoyer

The Zoyer platform is designed to provide businesses with end-to-end spend management, covering everything from procurement and automated invoice processing to payment settlements. By combining this with the "Zaggle Save" tool, the company provides a comprehensive suite that simplifies expense tracking and benefits administration for corporate clients.

The move is consistent with the firm's broader objective to scale its SaaS-based business model, which has seen significant growth in recent quarters. Zaggle has emphasized that these enterprise collaborations are instrumental in driving its recurring revenue streams.

Impact on Business Operations

For APAC Financial Services, the implementation of these platforms is expected to improve administrative efficiency and provide greater visibility into company-wide spending. For Zaggle, the agreement reinforces its position as a preferred partner for financial institutions and large enterprises seeking to transition from traditional manual expense processing to automated, data-driven fintech solutions.

Industry analysts suggest that such partnerships are a key component of the company's growth strategy, which focuses on capitalizing on the rapid digitization of India’s corporate sector. With a target of achieving significant growth in the 2027 fiscal year, the company continues to leverage its diversified portfolio of SaaS and prepaid card solutions to secure long-term contracts.

Key Facts at a Glance

• Partnership Tenure: The agreement with APAC Financial Services spans a period of five years.

• Service Scope: Zaggle will provide its Zoyer platform for spend management and Zaggle Save for employee expense and benefits.

• Revenue Model: Financial returns are linked to active monthly users and total spending volume on the platforms.

• Regulatory Compliance: The disclosure was made under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

FAQ

1. What is the Zoyer platform?

The Zoyer platform is an automated business spend management solution provided by Zaggle, designed to digitize corporate procurement, invoice processing, and payment workflows.

2. How does Zaggle earn revenue from this contract?

Zaggle generates revenue through SaaS and software fees, which vary based on the number of active users and the volume of expenditure processed through its platforms.

3. Is this a related-party transaction?

No, Zaggle has confirmed that the agreement is an independent business deal and does not constitute a related-party transaction.

4. Why is this deal important for Zaggle?

This partnership expands Zaggle’s reach into the financial services sector and secures long-term recurring revenue, aligning with the company's growth strategy for FY27.

Source: National Stock Exchange of India (NSE), Zaggle Prepaid Ocean Services Corporate Filings