Virtual Galaxy Infotech Limited
Virtual Galaxy Infotech Limited (VGINFOTECH) has announced a significant stride in its international expansion strategy, informing the National Stock Exchange (NSE) about the execution of a crucial agreement. Dated June 17, 2026, the company has officially partnered with Entire Office Systems Private Limited (EOS) of Zimbabwe to develop a comprehensive Mobile Wallet & QR Payment Solution.
This landmark agreement positions Virtual Galaxy Infotech at the forefront of digital payment innovation in the African market. The scope of work is extensive, encompassing the design, development, customization, implementation, and ongoing maintenance of the robust mobile wallet and QR payment platform. A key highlight of the solution involves its planned integration with banks operating in Zimbabwe, facilitating essential RTGS (Real-Time Gross Settlement) and ZIPIT (Zimbabwe Interbank Payment Interchange Technology) functionalities. This integration is contingent upon EOS securing the necessary approvals from the Reserve Bank of Zimbabwe and other payment systems, underscoring a collaborative effort.
Financially, the contract presents a substantial opportunity for Virtual Galaxy Infotech. The aggregate contract value is approximately USD 550,000. This sum includes a one-time implementation fee alongside an annual recurring platform fee, spread over an initial fixed term of three years. This recurring revenue model provides a stable and predictable income stream for the company, with the potential for renewal on mutually agreed terms beyond the initial period.
Securing an international contract of this nature with EOS, an entity independent of VGINFOTECH’s promoter group, highlights the company’s growing expertise and competitive edge in the fintech domain. This move not only expands Virtual Galaxy Infotech’s geographical footprint but also reinforces its capabilities in delivering advanced digital payment solutions, a sector witnessing rapid growth globally. Investors will likely view this development as a positive indicator of the company’s strategic vision and potential for sustained growth in emerging markets.