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Zaggle Prepaid Ocean Services is currently trading at Rs. 241.00, up by 24.80 points or 11.47% from its previous closing of Rs. 216.20 on the BSE.

The scrip opened at Rs. 219.00 and has touched a high and low of Rs. 244.25 and Rs. 219.00 respectively. So far 249615 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 244.25 on 13-Oct-2023 and a 52 week low of Rs. 155.60 on 22-Sep-2023.

Last one week high and low of the scrip stood at Rs. 244.25 and Rs. 201.10 respectively. The current market cap of the company is Rs. 2890.03 crore.

Zaggle Prepaid Ocean Services has entered into a growth agreement with Visa Worldwide Pte. (Visa). Visa wish to further their alliance in support of the issuance of Forex CoBrand Cards. Visa will pay the Launch Bonus for supporting the Launch of Forex Cobrand Cards. Visa will also pay incentives on Forex transactions basis spend commitments detailed in the agreement.
Zaggle can leverage existing Corporate base to sell forex cards to employees of the Corporate client, and it can be tightly coupled with Zaggle expense management solution. The deal size is approximately $20 Million in next 5 years.

Zaggle Prepaid Ocean Services operates in a segment where it interacts and interface with it Customers (i.e., businesses) and end Users (i.e., employees) and is among a small number of uniquely positioned players with a diversified offering of fintech products and services.