A 26% Share In Zaggle, A Digital Payments

For INR 15.6 Cr, listed fintech SaaS startup Zaggle has purchased a 26% share in Mobileware Technologies, now known as “86400.”

86400, which was established in 2010, offers fintech and digital banking services. Particularly in rural and urban areas, the organization assists banks and other financial institutions in enhancing their digital offerings.

TransXT, also referred to as “Bank In A Box,” is an API banking platform that 86400 uses to enable digital transactions and supply payment services to more than 80 banks and 20 fintech startups.

Through the acquisition, Zaggle hopes to enhance its payment capabilities by utilizing the infrastructure and experience of 86400.