Zaggle Prepaid Ocean Services (Zaggle) has entered into a partnership with Golden Jasraj Music Platforms to introduce a co-branded prepaid card. This initiative is part of a cultural and tourism-focused prepaid card program designed for corporate customers and their users. The domestic contract is set to be executed over the next three years.
Zaggle specializes in financial technology (fintech) solutions, offering a range of products and services, including prepaid cards, tax, and payroll software through its SaaS portfolio. The company boasts a significant market reach across various touchpoints.
Zaggle reported impressive financial growth in Q2 FY25, with its consolidated net profit surging 167.3% to ?20.29 crore, driven by a 64.2% increase in net sales, totaling ?302.56 crore, compared to Q2 FY24.
The company's robust streaming demand helped it recover from a year-long slowdown.
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The partnership introduces expanded music and video catalogs, new subscription tiers, and an artist-centric royalty model to better reward musicians.
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