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MUMBAI: Fintech startup, Zaggle, has announced a partnership with Visa to launch innovative payment solutions for SMEs and startups. This partnership is aimed at helping SMEs and startups improve productivity, reduce costs and get access to faster credit through a card which would have both inbuilt forex and prepaid.
Zaggle will leverage Visa’s expertise in the payments space to co-create and build new solutions for SMEs. Visa will also support Zaggle for new technological innovations and ideas.
Raj N. Phani, Founder of Zaggle told ET Digital, “For the next three years, we plan to target around 50,000 SMEs, which would include startups as well. We aim to achieve Rs 14,000-15,000 crore of transactions annually.”
Phani mentioned how before taking this move, the firm had spoken to multiple industry forums, startups and SMEs trying to understand their challenges and it took them around six-seven months to come up with an analysis.
Among the innovative solutions of this association lies the ‘Founders Card’ meant for founders and CEOs of startups and SMEs. Phani claimed that it is a first-of-its-kind single payment instrument, which can be used to optimize working capital and digitally manage all the expenses of an SME/Startup.
The credit …
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