Zaggle Prepaid Ocean Services Enters Agreement with Punjab National Bank for Co-branded Retail Credit Card
Zaggle Prepaid Ocean Services Limited has executed an agreement with Punjab National Bank effective June 19, 2026. The partnership is focused on leveraging Zaggle’s existing corporate base to drive the acquisition, marketing, and promotion of a new co-branded retail credit card product.The contract details establish Zaggle as the cobranding partner for the initiative with PNB. This domestic agreement outlines the collaboration structure designed to boost sales and market presence for the joint retail credit card offering.
Key terms of the agreement include an operational period spanning five years, allowing both entities to collaborate on the distribution and marketing objectives. The partnership falls outside the parameters of a related party transaction, and there is no reported interest held by the promoter group or its companies in Punjab National Bank.
The core terms of this strategic collaboration are detailed below:
| Particulars | Details |
|---|---|
| Entity Partnering with Zaggle | Punjab National Bank |
| Nature of Partnership | Agreement for Co-branding Retail Credit Card Product |
| Role of Zaggle | Cobranding Partner, utilizing existing corporate base to sell the card |
| Contract Duration | 5 Years |
| Transaction Type | Domestic Agreement |
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