Gyftr Ltd signs Service Agreement with Punjab National Bank for Gift Voucher sales
Gyftr Ltd, formerly LKP Finance Limited, has entered into a Service Agreement dated August 14, 2026, with Punjab National Bank (PNB). The agreement covers customer engagement and the reselling of gift vouchers and coupons through a specialized platform.The Service Agreement outlines that Gyftr will develop and manage a dedicated microsite intended for PNB Credit Card holders. This site will enable cardholders to purchase Gift Vouchers and Coupons at specified discounts. The services provided under the contract include the development, deployment, and ongoing management of the microsite, along with supplying payment gateway functionality and necessary technical support.
The agreement is set for a tenure of three years.
Key details of the Service Agreement between Gyftr Ltd and Punjab National Bank are summarized below:
| Particulars | Details |
|---|---|
| Agreement Type | Service Agreement |
| Counterparty | Punjab National Bank (PNB) |
| Purpose | To develop and deploy a dedicated microsite enabling PNB Credit Card holders to purchase Gift Vouchers and Coupons at specified discounts. |
| Scope of Services | Development, deployment, and management of the microsite, including payment gateway provision and technical support. |
| Tenure | Three Years |
| Transaction Status | The transaction is not a related party transaction. |
The agreement, which falls under the ordinary course of business for Gyftr Ltd, stipulates that the consideration or value of the Agreement is Not Applicable.
GYFTR Stock Price Movement
Shares of Gyftr Limited are edging higher to ₹162.30 as of 11:53 AM today, rising by 1.76% on active trading in the market. The stock is currently trading amidst a volume of 36,023 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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