Introduction
Leading fintech firm has partnered with Mastercard Asia/Pacific to launch co-branded domestic prepaid cards in India. The agreement, effective till September 2030, aims to boost digital payment solutions and card usage.
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Share price movement of Zaggle Prepaid
On September 23, 2025, Zaggle Prepaid Ocean Services Ltd opened at ₹359.05, up 1.17% from its previous close of ₹354.90. The stock touched a high of ₹373.40 (5.22%) and a low of ₹359.05. By 10:12 AM, it traded at ₹364.00, a 2.56% rise, with a market cap of ₹4,886.85 crore.
Zaggle Signs Co-Branded Prepaid Card Deal with Mastercard
Zaggle Prepaid Ocean Services Limited announced that it has signed an agreement with Mastercard Asia/Pacific Pte. Ltd. The partnership focuses on launching and promoting co-branded domestic prepaid cards on the Mastercard network.
The agreement came into effect on September 22, 2025, and will remain valid until September 30, 2030. Mastercard will provide incentives to Zaggle for the launch and promotion activities.
Ace investor holding in Zaggle Prepaid
Ashish Kacholia holds a 2.24% stake in Zaggle Prepaid Ocean Services Ltd, owning 30,03,356 shares valued at ₹109.4 crore.
Ajay Kumar Aggarwal holds a 1.11% stake in Zaggle Prepaid Ocean Services Ltd, owning 14,89,892 shares valued at ₹54.3 crore.
Stock performance of Zaggle Prepaid for Period of 1 week, 6 months, and 1 year
Zaggle Prepaid Ocean Services Ltd delivered a 1.51% return over the past week and gained 3.10% in the past six months. The stock declined 20.3% over the past year.
Shareholding pattern of Zaggle Prepaid
| Particulars | Jun 2025 | Mar 2025 | Dec 2024 |
| Promoter | 44.20% | 44.20% | 40.10% |
| FII | 8.50% | 8.40% | 9.20% |
| DII | 10.60% | 13.30% | 14.60% |
| Public | 37% | 34.10% | 36.20% |
About Zaggle Prepaid
Zaggle Prepaid Ocean Services Ltd (NSE: ZAGGLE) provides innovative financial solutions and products to manage business expenses for corporates, SMEs, and startups. Headquartered in Hyderabad, it operates at the intersection of SaaS and Fintech.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQs
Q: Why is Zaggle Prepaid Ocean Services Ltd share price going up today?
A: Zaggle Prepaid Ocean Services Ltd share price rose after signing a co-branded prepaid card agreement with Mastercard Asia/Pacific.
Q: What does Zaggle Prepaid Ocean Services Ltd specialize in?
A: Zaggle Prepaid Ocean Services Ltd specializes in financial solutions and products for corporates, SMEs, and startups through innovative workflows.
Q: How much stake does Ashish Kacholia hold in Zaggle Prepaid Ocean Services Ltd stock?
A: Ashish Kacholia holds a 2.24% stake in Zaggle Prepaid Ocean Services Ltd, owning 30,03,356 shares worth ₹109.4 crore.
