Zaggle Partnering With Daimler India for Fleet Card Program

HYDERABAD, India — FinTech provider Zaggle Prepaid Ocean Services Limited has signed a strategic three-year agreement with Daimler India Commercial Vehicles Private Limited (DICV) to provide digitized spend management and corporate credit solutions for DICV's fleet partners.

The regulatory disclosure, filed on July 27, 2026, with Indian stock exchanges pursuant to SEBI Listing Obligations and Disclosure Requirements (LODR), marks a major expansion of Zaggle Prepaid Ocean Services into commercial fleet financial infrastructure. Under the terms of the agreement, Zaggle will deploy its proprietary Zatix analytics platform and corporate credit card program across DICV's ecosystem of transport operators and drivers.

Strategic Fleet Integration and Commercial Terms

The three-year deal connects Zaggle Prepaid Ocean Services directly with DICV, a wholly owned subsidiary of Germany’s Daimler Truck AG that manufactures BharatBenz commercial vehicles in India. The commercial consideration under the contract will be variable, determined proportionally by the number of fleet partners and commercial vehicle drivers onboarded onto the platform, alongside aggregate transaction volumes.

Through the program, commercial fleet operators affiliated with DICV will gain access to Zaggle's Zatix platform, designed to digitize fuel payments, toll expenses, maintenance outlays, and driver allowances. By issuing co-branded or corporate cards, Zaggle Prepaid Ocean Services aims to replace traditional cash-based driver advances with controlled, card-based transactions that provide automated accounting and real-time expense visibility.

Spend Digitization in Commercial Transport

The partnership comes as commercial vehicle manufacturers and logistics operators in India accelerate efforts to streamline operational spends and improve financial controls across interstate freight routes. Traditional fleet operations routinely face challenges related to unmonitored cash disbursements for fuel, highway tolls, and emergency repairs.

By integrating Zaggle Prepaid Ocean Services' automated expense management architecture, DICV's fleet clients can establish category-specific spending limits, automated fuel transaction tracking, and GST-compliant digital records. The deployment leverages Zaggle's established B2B SaaS payment network, which supports multi-bank prepaid and corporate credit infrastructure.

Market Positioning and Corporate Footprint

Zaggle Prepaid Ocean Services has steadily diversified its corporate portfolio across employee benefits, vendor payments, and vertical-specific fleet cards. Listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), the Hyderabad-headquartered enterprise serves thousands of corporate clients with millions of issued cards across India.

The agreement with DICV reinforces Zaggle Prepaid Ocean Services' push into large-scale enterprise mobility and commercial logistics, following previous closed-loop fleet card implementations with energy and automotive partners. For DICV, offering dedicated corporate financial tools through Zaggle provides fleet owners purchasing BharatBenz trucks with integrated operational software to control fleet expenditures.

Official Sources

According to official disclosures submitted to regulatory bodies and stock exchanges on July 27, 2026:

• The agreement was formally executed between Zaggle Prepaid Ocean Services Limited and Daimler India Commercial Vehicles Private Limited under SEBI LODR Regulations.

• The contract term is established for a three-year duration from the date of execution.

• Details were submitted via statutory filings signed by Compliance Officer Haripriya on behalf of Zaggle Prepaid Ocean Services Limited.

Executive Statements

According to company officials, the collaboration between Zaggle Prepaid Ocean Services and Daimler India Commercial Vehicles represents a structured effort to digitize commercial logistics payments across India. Officials noted that deploying card-based spend controls and analytics software gives fleet managers greater operational visibility, mitigates cash handling risks, and lowers administrative overheads across multi-vehicle transport networks.

Why It Matters

For commercial transport operators, the partnership provides integrated financial management tools directly linked to their fleet operations, reducing fuel fraud, simplifying tax reconciliation, and providing drivers with instant access to funds. For investors and capital market participants, the three-year commercial deal demonstrates Zaggle Prepaid Ocean Services' ability to capture enterprise market share within the rapidly growing Indian logistics and commercial vehicle sector.

Key Facts at a Glance

• Partnership Announcement: Zaggle Prepaid Ocean Services signs agreement with Daimler India Commercial Vehicles (DICV).

• Solutions Deployed: Zaggle Zatix analytics platform and Corporate Credit Card Program.

• Target Audience: Commercial fleet partners and drivers operating within the DICV ecosystem.

• Contract Duration: Execution period set for three years.

• Commercial Model: Revenue linked to onboarded fleet partners, driver count, and spend volumes.

Frequently Asked Questions

What is the agreement between Zaggle Prepaid Ocean Services and Daimler India?

Zaggle Prepaid Ocean Services has entered into a three-year agreement with Daimler India Commercial Vehicles to provide its Zatix platform and corporate credit card solution to DICV’s fleet partners and drivers.

What services will Zaggle Prepaid Ocean Services provide under this contract?

The company will provide automated spend management software, real-time transaction analytics via Zaggle Zatix, and corporate credit cards to streamline fuel, toll, and operational fleet expenses.

How is the commercial revenue calculated for this deal?

Commercial consideration is variable and directly proportional to the total number of fleet partners and drivers onboarded, as well as transaction volumes generated on the platform.

Who is Daimler India Commercial Vehicles Private Limited?

Daimler India Commercial Vehicles (DICV) is a wholly owned subsidiary of Germany's Daimler Truck AG, manufacturing BharatBenz heavy-duty trucks and commercial buses in India.

Source: National Stock Exchange of India Regulatory Disclosure, BSE India Corporate Announcements, Zaggle Corporate Investor Relations