Zaggle has secured Third-Party Application Provider (TPAP) approval from the National Payments Corporation of India (NPCI).
This significant development enables Zaggle to offer Unified Payments Interface (UPI)-based payment solutions directly through its platform, empowering over 3 million users across its digital ecosystem.
This integration aims to simplify money management and enhance financial workflows for users. Users will benefit from UPI payments integrated with Zaggle’s multi-wallet prepaid cards, including meal and fuel cards, enabling quick and convenient transactions on the go.
The platform will also offer a broad range of embedded financial services powered by UPI rails, such as credit line discovery on UPI, personal loans, fixed deposits, mutual fund investments, Bharat Bill Payment System (BBPS) utility bill payments, and OPD healthcare wallets.
For businesses, the UPI-linked expense automation will reduce reliance on cash and provide a 360-degree view of employee and vendor spending. Zaggle’s Zoyer platform, for instance, will facilitate automated vendor payouts and improve B2B cash flow visibility, streamlining vendor management and financial operations.
Speaking about the development, Dr. Raj P. Narayanam, Founder and Executive Chairman, Zaggle, said, “Securing the TPAP approval marks a significant milestone in our journey to build India’s most comprehensive and seamless FinTech ecosystem. From instant expense reimbursements and streamlined insurance payments to recurring SIP mandates and much more, UPI integration will redefine the user experience across every financial interaction. Our vision for Zaggle TPAP is fully aligned with UPI One World, enabling cross-border payments, multi-account UPI management, and simplifying complex financial workflows to deliver a truly global financial experience for businesses.”
The TPAP license will enable Zaggle to offer a host of capabilities that seamlessly blend payments, finance, and automation. Users will be able to access UPI payments integrated with Zaggle’s multi-wallet prepaid cards, including meal and fuel cards, enabling quick, on-the-go transactions.
Avinash Godkhindi, MD and CEO, Zaggle, said, “With over 3 million users across our platforms, Propel, SAVE, Zoyer, and EMS, Zaggle’s recognition as a TPAP marks a significant milestone in our digital payments journey. This integration allows us to seamlessly embed UPI into our ecosystem, replacing traditional cash flows with real-time, secure, and efficient digital transactions. Our TPAP capabilities will not only drive deeper user engagement and end-to-end transparency in spending but also strengthen customer loyalty—an area where Zaggle consistently outperforms industry standards, maintaining an annual churn rate of less than 2 per cent.”
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