AU Small Finance Bank rises on partnering with Zaggle Prepaid Ocean Services
AU Small Finance Bank is currently trading at Rs. 719.40, up by 13.25 points or 1.88% from its previous closing of Rs. 706.15 on the BSE.
The scrip opened at Rs. 706.20 and has touched a high and low of Rs. 724.15 and Rs. 706.20 respectively. So far 16805 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 840.95 on 02-Jul-2025 and a 52 week low of Rs. 479.00 on 18-Mar-2025.
Last one week high and low of the scrip stood at Rs. 724.15 and Rs. 698.70 respectively. The current market cap of the company is Rs. 52690.37 crore.
The promoters holding in the company stood at 22.85%, while Institutions and Non-Institutions held 66.55% and 10.59% respectively.
AU Small Finance Bank (AU SFB) has entered into strategic partnership with Zaggle Prepaid Ocean Services. The alliance aims to launch co-branded retail credit and prepaid cards program, equipped with a unique Third-Party Application Provider (TPAP) integration and a personalized recommendation engine.
The new retail credit card is designed to give customers more value through smart spending tips, easy-to earn rewards and seamless, tech-enabled experiences, making everyday spending more rewarding and effortless.
Beyond the retail credit card launch, AU SFB and Zaggle will broaden their partnership to develop a comprehensive commercial credit card portfolio. AU SFB will leverage its underwriting expertise, while Zaggle will utilize its extensive enterprise network to onboard eligible corporate customers. These customers will gain access to Zatix, Zaggle’s centralized SaaS platform that provides real-time visibility, complete control and actionable insights into corporate spending.
The partnership also includes a co-branded prepaid card program for corporate customers, supporting tax saving benefits through multiple wallets across categories like fuels, meals and gifts. With this program, corporates can manage expenses & reimbursement tracking and access support through the Zaggle mobile app. The idea is to empower both AU SFB and its corporate customers to efficiently manage and scale their commercial card programs.
AU Small Finance Bank is a small finance bank (SFB) that has recently transitioned from a prominent, retail focused nonbanking finance company (NBFC), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.
