Zaggle Partners Punjab National Bank for Co-branded Credit Cards
Zaggle has entered into a 5-year agreement with Punjab National Bank to co-brand and promote a retail credit card. Zaggle will utilize its corporate client base for sales, marking a strategic partnership aimed at expanding its product offerings in the credit card market.
The partnership with Punjab National Bank for co-branded credit cards is significant and has a medium-term impact on business growth and market presence.
The announcement details a new strategic partnership with a major bank, which is expected to drive business growth and expand the company's product reach.
Zaggle Prepaid Ocean Services Limited (Zaggle) has announced the execution of an agreement with Punjab National Bank on June 19, 2026. This partnership designates Zaggle as the cobranding partner with the objective to drive acquisition, marketing, and promotion of a Cobranded Retail Credit Card Product.
The agreement is with a domestic entity and is classified as an 'Agreement'. Zaggle will leverage its existing corporate base to sell the Co-brand Retail Credit Card. The nature of the order/contract is domestic and has a time period for execution of 5 years. Neither the promoter, promoter group, nor group companies have any interest in Punjab National Bank, and the agreement does not fall within related party transactions conducted at arm's length.
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Zaggle Prepaid Ocean Services Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Zaggle Prepaid Ocean Services Limited. Read the original for the full detail.