Zaggle Prepaid Ocean Services Limited (Zaggle) announced on December 31, 2025, that it has entered into a long-term Growth Agreement with Visa Worldwide Pte. Ltd. (Visa). This strategic partnership marks an important step in Zaggle’s plan to strengthen and scale its prepaid card offerings in the domestic market.
Key Highlights of the Agreement
The growth agreement is focused on accelerating the adoption of co-branded domestic prepaid cards issued on the Visa network.
Scope of Agreement: Visa will provide incentives to support the launch and promotion of co-branded prepaid cards by Zaggle.
Network: Visa payment network
Transaction Nature: Categorised as domestic, despite being signed with an international entity.
Long-Term Execution Period
One of the most notable aspects of the agreement is its duration:
Contract Tenure: 7 years
The long execution period offers Zaggle sustained growth visibility and the opportunity to steadily expand its prepaid card user base across multiple use cases.
Corporate Governance and Transparency
Zaggle has clarified that:
The promoter group and group companies have no interest in Visa.
The agreement does not constitute a related party transaction.
These disclosures ensure transparency and compliance with regulatory requirements.
Strategic Importance for Zaggle
Partnering with a global payments leader like Visa positions Zaggle to significantly enhance its domestic prepaid card footprint. With Visa’s network strength and incentive support, Zaggle can accelerate customer acquisition, improve acceptance, and expand co-branded offerings for corporates and consumers alike.
This agreement follows a broader trend of major strategic deals across sectors—from defense and infrastructure to renewable energy and fintech—highlighting strong business momentum in the domestic market.
Understanding the Growth Agreement
Think of this partnership as a collaboration between a high-tech vehicle manufacturer and a global fuel network. Visa provides the infrastructure and incentives, while Zaggle builds and promotes the “vehicles” in the form of prepaid card solutions. As more customers adopt these solutions, both partners benefit from shared growth.