Listed fintech company Zaggle has received Third-Party Application Provider (TPAP) approval from the National Payments Corporation of India (NPCI). This significant development enables Zaggle to offer Unified Payments Interface (UPI)-based payment solutions directly through its platform, empowering over 3 million users across its digital ecosystem.
With UPI rapidly becoming the preferred transaction mode in India, Zaggle’s entry into the TPAP space marks a major step toward delivering a unified, cashless, and fully integrated financial experience for businesses and individuals alike. The TPAP license allows Zaggle to provide a comprehensive financial suite that combines payments, expense management, tax-saving tools, and value-added financial services within a single interface.
Zaggle’s chairman, Raj P. Narayanam, highlighted that UPI integration will transform user experience across all financial interactions—from instant expense reimbursements and streamlined insurance payments to recurring Systematic Investment Plan (SIP) mandates and more. This integration aims to simplify money management and enhance financial workflows for users. Users will benefit from UPI payments integrated with Zaggle’s multi-wallet prepaid cards, including meal and fuel cards, enabling quick and convenient transactions on the go. The platform will also offer a broad range of embedded financial services powered by UPI rails, such as credit line discovery on UPI, personal loans, fixed deposits, mutual fund investments, Bharat Bill Payment System (BBPS) utility bill payments, and OPD healthcare wallets.
For businesses, the UPI-linked expense automation will reduce reliance on cash and provide a 360-degree view of employee and vendor spending. Zaggle’s Zoyer platform, for instance, will facilitate automated vendor payouts and improve B2B cash flow visibility, streamlining vendor management and financial operations.
Avinash Godkhindi, Managing Director and CEO of Zaggle emphasized that TPAP recognition allows the company to embed UPI directly into its digital infrastructure, enabling secure, real-time payments while enhancing transparency and customer loyalty. The company partners with over 16 banks and aims to leverage this new status to build India’s most comprehensive and seamless fintech ecosystem.
In summary, Zaggle’s NPCI TPAP approval and UPI integration represent a leap forward in delivering a unified, cashless financial experience, combining payments, expense management, and embedded financial services to empower millions of users and businesses across India.
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