Shares of Zaggle Prepaid Ocean Services Ltd were trading 2% higher on 28 July after the company announced a three-year agreement with Daimler India Commercial Vehicles (DICV).

The partnership is expected to strengthen Zaggle’s presence in the commercial mobility segment by expanding its fleet expense management solutions to DICV’s network of fleet operators. Under the agreement, Zaggle will provide its Zatix fleet management platform along with its Corporate Credit Card Program to Daimler India’s fleet partners. 

The solution is designed to help businesses manage fuel expenses, track fleet-related spending, and streamline payment processes through a single digital platform. The value of the contract will depend on the number of fleet partners onboarded and the transaction volumes generated over the three-year period.

This is another important client addition for Zaggle, which has been actively expanding its corporate spend management business through long-term partnerships. Earlier this year, the company also secured multi-year agreements with several leading enterprises, reflecting growing demand for its digital payment and expense management solutions.

The latest partnership also supports Zaggle’s strategy of increasing its presence in the B2B and fleet management segments. As more businesses adopt digital tools to improve operational efficiency and control expenses, the company is expected to benefit from rising demand for integrated payment and expense management platforms.

Following the announcement, Zaggle Prepaid shares remained on investors’ radar as the market assessed the long-term revenue potential of the deal. 

The partnership with Daimler India Commercial Vehicles is expected to strengthen the company’s customer base and support its growth in the rapidly expanding corporate fintech space.

At 2:38 pm, the shares of Zaggle Prepaid were trading 0.88% higher at Rs 205.12 on NSE.

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