The value of the said contract is Rs 200 crore, based on the estimated gross transaction volumes. The project has to executed within a period of 2 years.

Zaggle Prepaid Ocean Services provides financial technology (fintech) products and services along with prepaid cards and has built a portfolio of software as a service (SaaS), including tax and payroll software, and a broad touchpoint reach.

The company's net profit remained flat at Rs 7.59 crore in the quarter ended September 2023 as compared with Rs 7.55 crore of PAT reported during the previous quarter ended September 2022. Sales rose 41.35% to Rs 184.24 crore in Q2 FY24 over Q2 FY23.