Positive impactCompany
Zaggle to acquire 20% stake in Unobanc for ₹7.96 crore
BusinessLine 4 hrs ago·21 Jul 2026, 12:44 pm
Zaggle Prepaid Services is acquiring a 20% stake in Unobanc for ₹7.96 crore. This move marks Zaggle's first foray into the banking sector, aiming to diversify its business beyond its core prepaid card services. Unobanc is a small private bank focused on serving the unbanked and underbanked segments of the market.
This strategic investment is significant for investors as it signals Zaggle's intent to expand its financial ecosystem. By partnering with a niche bank, Zaggle hopes to offer a broader range of integrated financial solutions to its corporate clients. It also diversifies the company's revenue streams beyond its traditional prepaid card business.
Investors should watch for updates on the integration of Unobanc's services into Zaggle's platform and how this partnership impacts the company's overall profitability. The success of this venture will depend on Zaggle's ability to leverage Unobanc's banking license to create value for its existing customer base.
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- Category: Company.
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