Sunday, May 05, 2024
Outlook.com
Outlook India
Outlook Business

YES BANK Partners Fintech Zaggle For Corporate Credit

The Corporate Credit Card aims to redefine corporate payments, expenditure management, and cash flow optimisation

YES BANK Partners Fintech Zaggle For Corporate Credit

Outlook Start-Up Desk

POSTED ON August 26, 2023 2:23 PM

YES BANK announced the launch of an innovative co-branded corporate credit card in collaboration with Zaggle, a company specialised in spend management. 

The card will facilitate businesses to bring in greater cost efficiencies by facilitating integration with Zaggle’s ZatiX, a spend management and analytics platform, thereby allowing corporates to optimise cash outflows. 

Speaking on the launch of the corporate credit card, Rajan Pental, executive director, of YES BANK said, “We, at YES BANK, are constantly looking to bring forth innovative banking solutions for corporate and retail customers. The partnership with Zaggle enables businesses to bring in operational efficiencies by allowing them to undertake banking transactions, manage company expenditures as well, and keep track of all business-related overheads on a single platform.” 

Avinash Godkhindi, MD and CEO of, Zaggle said, “The corporate T and E space is ripe for disruption as businesses increasingly demand real-time analytics to better manage spending, an industry need that we believe remains unmet. Zaggle ZatiX, deeply integrated with the YES BANK Zaggle corporate credit card aims to address this need, empower businesses, and provide CFOs with the certain tools they need for intelligent spend decision-making to assist with strategically controlling costs and optimally managing cash flow."

Zaggle, Incorporated in 2011, operates in the business-to-business-to-customer segment and is amongst a small number of uniquely positioned players with a diversified offering of financial technology products and services. The company has collaboated with three banking partners; i.e., IndusInd Bank Limited, YES BANK Limited and NSDL Payments Bank Limited; and has issued more than 45 million co-branded prepaid cards since inception of its business.