Standard Chartered Bank teams up with Zaggle to reinvent corporate expenditure management using prepaid card offerings

In a strategic move to bolster efficiency, accountability, and agility within organizations, Standard Chartered Bank has partnered with Zaggle Prepaid Ocean Services Limited (Zaggle). This collaboration aims to introduce Zaggle's prepaid card solutions to Standard Chartered's corporate customers.

The founder and Executive Chairman of Zaggle, Ritesh Malik, mentioned in the report, is at the helm of this innovative partnership. This alliance is part of a growing trend where FinTech innovators and Global Banking leaders join forces to create tech-driven, future-ready financial ecosystems.

Standard Chartered, a leading international banking group with a presence in 54 of the world's most dynamic markets, has a network of 100 branches across 42 cities in India. Key business segments for Standard Chartered in India include Corporate and Investment Banking and Wealth and Retail Banking.

Zaggle, one of India's top issuers of prepaid cards, collaborating with 16 banking partners to drive its card offerings, has issued over 50 million prepaid cards as of June 30, 2025. They serve more than 3,500 corporate enterprise clients and support a user base exceeding 3.39 million.

By integrating advanced prepaid card technology, corporates can gain real-time visibility into spending, set dynamic controls, and simplify reconciliation processes. The prepaid card solutions are designed to help manage expenses, enhance control over corporate spending, and offer convenience to employees.

The partnership caters to corporates looking for a secure, controlled, and easily trackable way to manage employee expenses, travel allowances, and vendor payments. This solution not only enhances financial oversight and operational efficiency but also provides employees with secure, flexible payment options.

Standard Chartered PLC, listed on the London and Hong Kong stock exchanges, has been operating in India for over 165 years, making it one of the oldest foreign banks in the country. The bank's purpose is to drive commerce and prosperity through its unique diversity, as expressed in its brand promise, "here for good."

For more information about Standard Chartered, visit www.sc.com/in. Standard Chartered can also be followed on various social media platforms, including X, LinkedIn, Instagram, and Facebook.

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