Zaggle is a startup of Hyderabad that aims at creating market and distribution of innovative payment and Yes Bank which is the fifth largest in Private Banking Sector has attractive Pre Paid card schemes like Gift card, Reloadable Card, Store Value Card etc that harvest revenue on shopping and payment modes, and now this bank is planning to move its business to the next level by partnering with Zaggle as partner in issuing prepaid cards for master card holder of corporate sector.
According to Ritesh Pai who is the senior president and country head of YES Bank’s Digital banking – The Yes bank is confident that Cash Less Payment methods is main Solution making way to transforming the Industry of financial Service and with the partnership with Zaggle, YES Bank is expected to reach one Crore consumers of more than ten thousand corporate. The aim of YES Bank is to give out two Crores gift cards incoming five years in ten top targeted Indian cities that include Delhi, NCR, Mumbai, Bangaluru, Hyderabad, Chennei and Pune. This Different offers would allow YES Bank to connect to consumers in different factors like physical cards, mobile apps, virtual cards etc thereby creating maximum choice and value for partners and customers .
Avinash Godkhindi who is the Managing Director and Center Executive Officer of Zaggle says the Partnership of Zaggle and YES Bank should help grow the Consumers base to over one Crore users in coming five years. Presently Zaggle has nearly four Lakhs customers across India and by launching prepaid cards with partnership of YES Bank, the Startup has added master card to the existing visa prepaid platform there by delivering greater freedom of choice to existing and new customers.
Zaggle was founded by Phani Raj with aim to capture the thirty billion dollars gifting market of India bycatering to typical needs of Indian Consumer. Now Zaggle has prepaid gift card, off the shelf gift solution and custom prepaid gift solution, employee reorganizations and rewards etc.