Zaggle Prepaid Ocean Services Invests ₹7.97 Cr in Unobanc

Zaggle Prepaid Ocean Services Ltd announced its Board of Directors has approved an investment of up to ₹7.97 Crores in Unobanc Private Limited. This investment, to be made in one or more tranches, will result in Zaggle holding up to 19.9% of Unobanc's equity share capital, subject to definitive agreements. Unobanc Private Limited specializes in tech infrastructure for digital cross-border payments and remittances, holding an FFMC license and in-principal approval for an Authorised Dealer Category II license from RBI. The investment aims to strengthen Zaggle's cross-border payments and forex capabilities.