Mumbai, February 28, 2025: Zaggle Prepaid Ocean Services Limited (NSE: ZAGGLE, BSE: 543985) has officially announced entering into a significant domestic agreement with PhysicsWallah Limited. Under the terms of the contract, Zaggle will provide PhysicsWallah Limited with access to the Zaggle Zoyer Platform, a specialized customer service offering, marking an important addition to Zaggle’s portfolio of corporate clientele.
Key Terms of the Agreement:
| Particulars | Details |
|---|---|
| Entity Awarding Contract | PhysicsWallah Limited |
| Type of Agreement | Customer Service Agreement |
| Platform Provided | Zaggle Zoyer Platform |
| Duration of Contract | 24 months |
| Domestic/International | Domestic |
| Promoter/Group Interest | None |
| Related Party Transaction | Not Applicable |
Management Commentary:
Commenting on the new partnership, Avinash Ramesh Godkhindi, Managing Director and CEO of Zaggle Prepaid Ocean Services Limited, said, "We are delighted to partner with PhysicsWallah Limited, one of India's innovative education technology companies. This association reinforces Zaggle's commitment to delivering comprehensive customer-centric solutions through our Zoyer platform."Strategic Outlook & Market Positioning:
This strategic tie-up positions Zaggle effectively to capitalize on the increasing adoption of digital payment and service management solutions in the Indian market. With a growing number of corporates opting for sophisticated platforms to streamline operations, this agreement underscores Zaggle's expanding market footprint and strengthens its customer base.Zaggle continues to strategically broaden its client portfolio, enhancing its reputation as a trusted digital solutions partner within India’s rapidly evolving fintech landscape.