Indian private sector lender Yes Bank has collaborated with Indian startup Zaggle to issue prepaid cards to corporate customers.
The new prepaid cards will operate on the MasterCard platform, expanding the prepaid services already offered by the bank including reloadable and gift cards.
Go deeper with GlobalData
Yes Bank senior president and country head, digital banking, Ritesh Pai said: "We at Yes Bank are confident that cashless payment solutions is the way ahead in transforming financial services industry. With this partnership, Yes Bank expects to reach out to 10 million consumers and more than 10,000 corporate."
Zaggle, headquartered in Hyderabad, focuses on creating, marketing and distributing payment solutions.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
