#India #Mumbai #Spend Management #Mesh Payments #Zaggle

Zaggle and Mesh Payments Join Forces

In a significant move that highlights the trends of digitalization and globalization in finance, Zaggle, a premier spend management platform based in India, has announced a strategic partnership with Mesh Payments, a leading provider of AI-driven travel and expense solutions. This collaboration aims to optimize spending management for international corporations by combining both companies' strengths in the global market.

Expanding Global Reach

The partnership is designed to facilitate seamless management of corporate expenses for Indian multinational corporations (MNCs) operating across regions such as the U.S., Europe, and Latin America. Using Mesh Payments' capabilities to issue corporate cards across global markets, Indian businesses can now navigate and manage their expenditures in a more structured manner. Conversely, Mesh's clients that are active in India can utilize Zaggle's diversified ecosystem of spend management solutions, which includes corporate credit cards, prepaid cards, foreign exchange cards, and travel management services.

As businesses continue to expand internationally, managing finances across multiple currencies and regions becomes increasingly complex. The collaborative offering from Zaggle and Mesh Payments aims to simplify this daunting task, empowering finance teams with invaluable tools for enhanced visibility, control, and efficiency across their operations.

Enhancing Financial Efficiency

According to Dr. Raj P. Narayanam, Founder and Executive Chairman of Zaggle, the partnership marks a strategic expansion for the company beyond Indian borders. He believes it will help Indian companies manage their growth in a way that is efficient and maintains governance standards. "As Indian companies scale, our integration with Mesh Payments will provide them with robust, unified corporate card capabilities which will bolster our top-tier spend management software," Narayanam stated.

Meanwhile, Avinash Godkhindi, MD and CEO of Zaggle, commented on the unprecedented demand for intelligent spend solutions emerging from India’s rapid digital transformation. He emphasized that this partnership not only expands Zaggle's influence but also leverages its understanding of local businesses and regulatory frameworks to help global clients of Mesh effectively navigate the Indian market.

A Global Vision

Oded Zehavi, CEO and Co-founder of Mesh Payments, highlighted the value of this partnership in aiding international expansion. He noted that India stands as a dynamic market for global enterprises; thus, collaborating with Zaggle equips their clients with localized expertise, allowing for confidence in market entry. This collaboration promises to redefine the frameworks through which businesses can manage and optimize their spending across borders effectively.

About Zaggle

Founded in 2011, Zaggle has swiftly established itself as a frontrunner in the Indian financial technology landscape, specifically in spend management. With a diverse portfolio that includes prepaid cards and SaaS offerings, the company supports various sectors, ranging from banking and technology to healthcare and manufacturing. As of December 31, 2024, Zaggle had issued over 50 million prepaid cards, catering to a user base that exceeds three million.

About Mesh Payments

On the other hand, Mesh Payments positions itself as an all-in-one solution for global enterprises, merging corporate card issuance, expense management, and travel booking on a single platform. With its AI-powered automation and adaptability to various currencies, Mesh is trusted by over 2,000 companies, including Fortune 100 firms, enhancing their financial operations with streamlined oversight and compliance.

In conclusion, the partnership between Zaggle and Mesh Payments is not just about collaboration; it's about setting a precedent in how businesses manage their global spending with precision and efficiency. By leveraging each other's strengths, both companies are poised to transform the spend management landscape not only in India but globally.