Zaggle Forms GIFT City Wholly Owned Subsidiary to Expand Payments Footprint

Zaggle Prepaid Ocean Services Limited ( (IN:ZAGGLE) ) has provided an update.

Zaggle Prepaid Ocean Services Limited has incorporated a wholly owned subsidiary, Zaggle Payments IFSC Limited, in GIFT City, Gujarat, after receiving a certificate of incorporation from the Ministry of Corporate Affairs on February 25, 2026. The new entity positions Zaggle to tap into the International Financial Services Centre ecosystem at GIFT City, potentially expanding its payments business footprint and reinforcing its strategic presence in regulated fintech and cross-border financial service hubs.

The creation of Zaggle Payments IFSC Limited may enable the company to develop new products tailored to international and IFSC-related financial activities, supporting future growth in specialized digital payment services. This move could strengthen Zaggle’s industry positioning by aligning it with India’s broader push to build GIFT City as a global financial services destination, which may have long-term implications for its corporate and institutional customer base.

More about Zaggle Prepaid Ocean Services Limited

Zaggle Prepaid Ocean Services Limited operates in the financial technology sector, focusing on prepaid payment solutions, spend management, and related digital financial services. The company serves corporate and institutional clients by offering technology-led payment products that enhance expense control and employee engagement.

Average Trading Volume: 59,636

Technical Sentiment Signal: Sell

Current Market Cap: 30.16B INR

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