The partnership will strengthen Zaggle's product suite, and will add to its unmatched expense management solutions with multi-wallet functionalities
Ramanathan RV, Co-Founder & CEO, Hyperface in the matter of Zaggle partners with Hyperface
FinTech BizNews Service
Mumbai, January 23, 2024: Zaggle, India's Leading & Listed (NSE: ZAGGLE) B2B SaaS FinTech providing spend automation solutions with a differentiated value proposition and diversified user base has announced its partnership with Hyperface, Asia’s first Credit Cards as a Service (CCaaS) platform as a Technology Platform Provider. This strategic alliance represents the convergence of FinTech leaders committed to improving customer experiences and propelling corporate growth. The partnership will strengthen Zaggle's product suite, and will add to its unmatched expense management solutions with multi-wallet functionalities. Zaggle is rapidly expanding its presence in the co-branded credit card space through collaboration with leading banks.
This aligns with Zaggle's commitment to offering best-in-class financial products and services for corporations, fostering their growth objectives, and ensuring a superior customer experience by bringing cutting-edge solutions for both Commercial Cards and Retail/Consumer Cards.
"This partnership is a testament to our dedication to providing best-in-class financial solutions to corporate customers. Together with Hyperface, we are positioned to lead the industry in redefining corporate credit cards" said Avinash Godkhindi, MD & CEO, Zaggle.
"Our partnership with Zaggle marks an exciting benchmark in Hyperface's journey. We are thrilled to collaborate with Zaggle to revolutionize corporate credit cards with superlative expense management features. Our joint vision is aligned with reshaping the financial services landscape, delivering innovative solutions, and enhancing the overall customer experience," said Ramanathan RV, Co-Founder & CEO, Hyperface.
This collaboration is a significant milestone for both companies, demonstrating their shared commitment to innovation and growth. By combining their respective expertise, Zaggle and Hyperface are poised to revolutionize the way corporations manage their expenses and access financial products.
Hyperface's CCaaS platform offers a comprehensive solution for businesses looking to launch and manage their own branded credit card programs.
About Zaggle Prepaid Ocean Services Limited (Zaggle):
Zaggle, India's Leading & Listed (NSE: ZAGGLE) B2B SaaS FinTech providing spend automation solutions with a differentiated value proposition and diversified user base (Source: Frost & Sullivan Report). Incorporated in 2011, the company operates in the business-to-business-to-customer segment and is amongst a small number of uniquely positioned players with a diversified offering of financial technology products and services. It has one of the largest numbers of issued prepaid cards in India in partnership with certain of its banking partners (12.7% of the country’s total prepaid transaction value as of March 31, 2022). Zaggle collaborated with three banking partners, i.e., IndusInd Bank Limited, Yes Bank Limited and NSDL Payments Bank Limited; and has issued more than 50 million co-branded prepaid cards since inception of our business. It has a diversified portfolio of SaaS and FinTech solutions, and a wide touchpoint reach. Zaggle is sector-agnostic, and its network of corporate customers (“Customers”) covers the banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure and automobile industries, among others, where it has relationships with brands such as TATA Steel, Persistent Systems, Vitech, Inox, Pitney Bowes, Wockhardt, MAZDA, PCBL (RP – Sanjiv Goenka Group), Hiranandani group, Cotiviti and Greenply Industries.
About Hyperface
Hyperface is Asia’s first Credit Cards as a Service (CaaS) platform, providing businesses with the technology and infrastructure to launch and manage their own branded credit card programs. Hyperface's innovative platform enables banks and brands to create personalized and rewarding credit card experiences that drive customer engagement and loyalty. From program design and development to technology infrastructure, risk management, and compliance, Hyperface provides everything needed to create and manage a successful credit card program.
