Listed fintech company Zaggle has received approval as a Third-Party Application Provider (TPAP) from the National Payments Corporation of India (NPCI), a milestone that paves the way for the company to offer Unified Payments Interface (UPI)-based payment services directly through its digital platform.
This development enables Zaggle to provide seamless, real-time UPI payment solutions to over 3 million users within its ecosystem, reinforcing its commitment to building a unified, cashless and digitally advanced financial experience for both individuals and businesses.
With UPI emerging as India’s dominant transaction medium, Zaggle’s entry into the TPAP space significantly enhances its capabilities. The license allows the company to integrate a comprehensive financial suite, combining UPI payments with expense management tools, tax-saving solutions and a variety of value-added financial services in a single, user-friendly interface.
Raj P. Narayanam, Chairman, Zaggle, highlighted that the UPI integration will revolutionise the user experience—ranging from instant reimbursements and recurring SIP mandates to insurance payments and beyond. Users will benefit from UPI-enabled transactions linked with Zaggle’s multi-wallet prepaid cards, including meal and fuel cards, for quick and efficient payments on the move.
The platform will also introduce embedded financial services powered by UPI rails, such as credit line discovery, personal loans, fixed deposits, mutual funds, OPD healthcare wallets and BBPS-based utility bill payments.
On the business side, Zaggle’s UPI-linked automation tools will streamline operations, cut down cash dependency and provide businesses with a 360-degree view of employee and vendor expenses. The company’s Zoyer platform, for example, will facilitate automated vendor payouts and improve B2B cash flow visibility.
Avinash Godkhindi, Managing Director and CEO of Zaggle, noted that TPAP status enables deeper UPI integration into the company’s infrastructure, allowing secure, real-time payments while enhancing transparency and customer loyalty. With partnerships across 16 plus banks, Zaggle aims to leverage this recognition to build India’s comprehensive and seamless fintech ecosystem.
Zaggle’s NPCI approval and UPI rollout mark a transformative leap toward financial inclusion and operational excellence, reaffirming its position as a frontrunner in India’s rapidly evolving digital finance landscape.
