MUMBAI, 25 AUGUST, 2023 (TGN): Yes Bank has launched a co-branded corporate credit card in partnership with Zaggle, which specializes in spend management.
The card targets corporations that allocate a substantial portion of their company's budget to travel and entertainment expenditures. The co-branded card enables the company to control expenses directly by setting individual spending limits, imposing restrictions on merchant categories, and implementing various other controls. Cardholders can access various perks, from rewards and golf privileges to lounge access and travel insurance.
Mr. Rajan Pental, Executive Director of Yes Bank, said the partnership with Zaggle empowers businesses to enhance their operational efficiencies by consolidating banking transactions, managing company expenditures, and tracking business-related overheads through a single platform.
Mr. Avinash Godkhindi, MD & CEO of Zaggle, said there was a growing demand for real-time analytics to manage expenditures better. He said that the integration of Zaggle ZatiX, Zaggle's spend management and analytics platform, with the YES BANK Zaggle Corporate Credit Card aims to fulfil this need.
Zaggle collaborated with Yes Bank for prepaid cards in 2016, before the RBI-initiated restructuring in 2019. Established in 2011, Zaggle operates in the business-to-business-to-customer segment.
YES BANK's track record in the fin-tech space is characterized by strategic tie-ups and initiatives that have fuelled the growth of start-ups by empowering them to thrive on the back of best-in-class banking solutions. This partnership stands as a testament to YES BANK's digital prowess, and shall contribute to the success of businesses in the digital era.Ends
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