FinanceGeneralPublic Interest

Zaggle Honoured as the Best B2B Payment Solution Provider of the Year at the 10th Payments Industry Awards 2023

Mumbai, 21 April, 2023: SaaS FinTech company Zaggle a leading player in Spend Management is conferred with the award for the Best B2B Payment Solution Provider of the Year at the esteemed 10th Payments Industry Awards 2023, organized by Kamikaze B2B Media.
This prestigious accolade underscores Zaggle’s unwavering commitment to innovation and excellence in the financial technology sector. The firm’s cutting-edge, customized solutions catering to the varied requirements of businesses across industries in the payment space demonstrates Zaggle’s dedication to enhance the overall payments experience and empowering businesses to optimise their payment management.
Avinash Godkhindi, MD and CEO, Zaggle, stated: “We are incredibly grateful and humbled to be acknowledged as the Best B2B Payment Solution Provider of the Year. This award serves not only as a testament to our team’s persistent efforts, passion, and dedication, but also reflects our steadfast commitment to enhance the value to our clients, and bringing cutting edge solutions in the field of spend management. At Zaggle, our goal is to consistently innovate and provide advanced solutions that cater to the unique requirements of businesses in the rapidly changing payments landscape. This accomplishment fuels our motivation to keep pushing the boundaries of SaaS and FinTech and support our clients in streamlining their end-to-end payments management and maintaining their efficiency in the marketplace.”
Zaggle is a frontrunner in spend management, offering a differentiated value proposition and a diversified user base. The company operates in the business-to-business-to-customer segment, standing out as one of the few uniquely positioned players with a wide range of financial technology products and services.
Zaggle has one of the largest number of issued prepaid cards in India in partnership with select banking partners, which accounts for 12.7% of the country’s total prepaid transaction value. Zaggle also offers a diversified portfolio of software-as-a-service, including tax and payroll software, and maintains a broad touchpoint reach.
Payments Reloaded 2023 is a unique platform designed for diverse organizations that are driving innovation & delivering value through new solutions & services and employing these offerings to meet their business needs and transact with their customers. The event brings together industry leaders and professionals to discuss current trends, future developments, and innovative solutions that shape the payments landscape.
The conference and awards ceremony was presided over by a high-profile Jury of distinguished industry professionals, who formulated the conference’s strategic content and selected the award winners. The distinguished award ceremony took place at Taj Lands’ End, Mumbai, where Mr. Avinash Godkhindi, MD & CEO of Zaggle, accepted the Award on behalf of the company.

Zaggle Prepaid Ocean Services Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares and has filed a draft red herring prospectus (“DRHP)” with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of the SEBI at, the website of the National Stock Exchange of India Limited at and the website of the BSE Limited at and the respective websites of the Book Running Lead Managers at,, and
Investors should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the RHP which may be filed with the Registrar of Companies in future, including the section titled “Risk Factors”. Potential investors should not rely on the DRHP filed with the SEBI in making any investment decision.

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