Zaggle’s profit surges as digital payments rise
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Fintech firm Zaggle Prepaid Ocean Services Pvt. Ltd. said the rapid adoption of digital payments in enterprises during COVID-19 time helped grow its gross turnover value (GTV) by 4.5 times in FY21 from the previous year. We were profitable in FY20. But our profit in FY21 increased 14 times. This was because we introduced a lot of digital products at the right time,” said Raj N, founder Zaggle.
Encouraged by the performance, the firm is planning to double its business during this year and is planning to enter into new markets abroad.